$3,028 Closing Credit*
$255,000
1,191 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kelli Verosky, Listing Office: Re/Max Select Realty
Is Kittanning, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Kittanning has remained a Seller's Market.
Key Takeaway
Kittanning is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kittanning, PA
How much do homes in Kittanning, PA cost?
Median Sold Price
$160,129
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,071(-0.7%)
Key Takeaway
Homes in Kittanning have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Kittanning was $160,129 in October 2024, down 0.7% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40.9K | N/A |
| 2 Bedrooms | $76K | $134.5K | +77.0% |
| 3 Bedrooms | $179.9K | $178K | -1.1% |
| 4 Bedrooms | $185K | $258.5K | +39.7% |
| 5+ Bedrooms | $219.9K | $151.3K | -31.2% |
Summary: Kittanning housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 77%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes decreased by 31.2%.
Median Sold Price Compared To Nearby Cities
| Manor Township | $182.5K | $207.4K | +13.7% |
| East Franklin Township | $215K | $220K | +2.3% |
| Kittanning | $161.2K | $160.1K | -0.7% |
Housing Supply in Kittanning, PA
How many homes are available in Kittanning, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The Kittanning real estate market had 45 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Kittanning housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kittanning, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Kittanning in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Kittanning, PA
How long does it take to sell a home in Kittanning, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 61 Days | +64.2% |
Summary: Homes in Kittanning had an average of 61 days on market in Oct 2024, up by 64.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kittanning has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Kittanning; 13% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
