$1,543 Closing Credit*
$129,900
1,000 SqFt
2 Beds
•2 Full Baths
Nicolas Supik, Listing Office: Century 21 Frontier Realty
Is Lower Burrell, 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, Lower Burrell has remained a Seller's Market.
Key Takeaway
Lower Burrell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Burrell, PA
How much do homes in Lower Burrell, PA cost?
Median Sold Price
$196,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+3.2%)
Key Takeaway
Homes in Lower Burrell have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Lower Burrell was $196,000 in October 2024, up 3.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $138K | +72.7% |
| 2 Bedrooms | $155K | $170K | +9.7% |
| 3 Bedrooms | $188.7K | $201K | +6.5% |
| 4 Bedrooms | $254.9K | $241.5K | -5.3% |
| 5+ Bedrooms | $262.5K | $622.5K | +137.1% |
Summary: Lower Burrell housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 137.1%.
Median Sold Price Compared To Nearby Cities
| Tarentum | $140K | $159.9K | +14.2% |
| New Kensington | $164K | $170K | +3.7% |
| Lower Burrell | $190K | $196K | +3.2% |
Housing Supply in Lower Burrell, PA
How many homes are available in Lower Burrell, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Summary: The Lower Burrell real estate market had 48 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 22 | 28 | +27.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Burrell 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 increased by 11.1%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 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 Lower Burrell, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Lower Burrell in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Lower Burrell, PA
How long does it take to sell a home in Lower Burrell, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 44 Days | -37.6% |
Summary: Homes in Lower Burrell had an average of 44 days on market in Oct 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Burrell are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Lower Burrell; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
