$2,374 Closing Credit*
$199,900
3 Beds
•2 Full Baths
Cahla Downs, Listing Office: Coldwell Banker Realty
Is Latrobe, 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, 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
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,000(+3.6%)
Key Takeaway
Homes in Latrobe have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Latrobe was $200,000 in October 2024, up 3.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $99K | +16.5% |
| 2 Bedrooms | $136K | $160K | +17.6% |
| 3 Bedrooms | $202.5K | $200.7K | -0.9% |
| 4 Bedrooms | $296K | $290K | -2.0% |
| 5+ Bedrooms | $310.5K | $491.5K | +58.3% |
Summary: Latrobe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 58.3%.
Median Sold Price Compared To Nearby Cities
| Unity Township | $295K | $314.2K | +6.5% |
| Latrobe | $193K | $200K | +3.6% |
| Derry Township | $175K | $169.5K | -3.1% |
Housing Supply in Latrobe, PA
How many homes are available in Latrobe, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 77 | +6.9% |
Summary: The Latrobe real estate market had 77 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Latrobe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latrobe, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Latrobe in October 2024, down by 16.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 24 Days | +32.6% |
Summary: Homes in Latrobe had an average of 24 days on market in Oct 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Latrobe are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Latrobe; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
