Is Latrobe, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Latrobe is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Latrobe has remained a Seller's Market.

Key Takeaway

Latrobe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Latrobe, PA

How much do homes in Latrobe, PA cost?

Median Sold Price

$200,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,950(+5.2%)

Key Takeaway

Homes in Latrobe have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Latrobe was $200,000 in November 2024, up 5.2% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K$99K
+16.5%
2 $139.9K$160K
+14.3%
3 $200K$200.7K
0.4%
4 $279.9K$311.2K
+11.2%
5+ $310.5K$393K
+26.6%

Summary: Latrobe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 26.6%.

Median Sold Price Compared To Nearby Cities

Unity Township
+10.4%
Latrobe
+5.2%
Derry Township
+2.4%

Housing Supply in Latrobe, PA

How many homes are available in Latrobe, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7770-9.1%

Summary: The Latrobe real estate market had 70 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1110
-9.1%
3 4542
-6.7%
4 1514
-6.7%
5+ 53
-40.0%

Summary: The Latrobe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1418+28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer44%33%22%

Key Takeaway

If you're buying a home in Latrobe, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 18 homes were sold or pending in Latrobe in November 2024, up by 28.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.

Days on Market for Latrobe, PA

How long does it take to sell a home in Latrobe, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days43 Days+37.0%

Summary: Homes in Latrobe had an average of 43 days on market in Nov 2024, up by 37% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times61%22%17%

Key Takeaway

Many homes in Latrobe are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in Latrobe; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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