Is Monroeville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Monroeville has remained a Seller's Market.
Key Takeaway
Monroeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroeville, PA
How much do homes in Monroeville, PA cost?
Median Sold Price
$228,800
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monroeville have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Monroeville was $228,800 in May 2024, up 5.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.3K | - | N/A |
| 2 Bedrooms | $162.5K | $185.1K | +13.9% |
| 3 Bedrooms | $212.2K | $218K | +2.7% |
| 4 Bedrooms | $280.6K | $288K | +2.6% |
| 5+ Bedrooms | $290K | $336.5K | +16.0% |
Summary: Monroeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Pitcairn | $70K | $89.9K | +28.5% |
| Turtle Creek | $85.2K | $101.7K | +19.4% |
| Monroeville | $217.5K | $228.8K | +5.2% |
| Wilkins Township | $176K | $180K | +2.3% |
Housing Supply in Monroeville, PA
How many homes are available in Monroeville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 109 | +17.2% |
Summary: The Monroeville real estate market had 109 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 48 | 55 | +14.6% |
| 4 Bedrooms | 18 | 29 | +61.1% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Monroeville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 61.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 31 | +40.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroeville, you may be able to get a good deal. 38.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Monroeville in May 2024, up by 40.9% month-over-month. Of the 31 sold homes, 39% were sold under asking, 29% were sold at asking, and 32% were sold over asking.
Days on Market for Monroeville, PA
How long does it take to sell a home in Monroeville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 31 Days | -8.6% |
Summary: Homes in Monroeville had an average of 31 days on market in May 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroeville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Monroeville; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
