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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroeville is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Monroeville was a Seller's Market.

Key Takeaway

Monroeville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Monroeville, PA

How much do homes in Monroeville, PA cost?

Median Sold Price

$235,125

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,325(+7.0%)

Key Takeaway

Homes in Monroeville have sold for 7% more than they did a year ago.

Summary: The median home sold price in Monroeville was $235,125 in October 2024, up 7% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $77.7K-
N/A
2 $160K$192.4K
+20.3%
3 $212K$222K
+4.7%
4 $265K$295K
+11.3%
5+ $300K$360.4K
+20.2%

Summary: Monroeville 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 20.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 20.2%.

Median Sold Price Compared To Nearby Cities

Pitcairn
+23.0%
Turtle Creek
+21.0%
Monroeville
+7.0%
Wilkins Township
+4.3%

Housing Supply in Monroeville, PA

How many homes are available in Monroeville, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
105109+3.8%

Summary: The Monroeville real estate market had 109 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1313
0.0%
3 5964
+8.5%
4 2524
-4.0%
5+ 77
0.0%

Summary: The Monroeville 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 remained the same, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2217-22.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroeville, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Monroeville in October 2024, down by 22.7% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% 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

Oct 2023Oct 2024CHANGE
21 Days34 Days+59.1%

Summary: Homes in Monroeville had an average of 34 days on market in Oct 2024, up by 59.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Monroeville; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in Monroeville, PA

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