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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Munhall is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Munhall was a Buyer's Market.

Key Takeaway

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

Housing Prices in Munhall, PA

How much do homes in Munhall, PA cost?

Median Sold Price

$167,450

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,200(+8.6%)

Key Takeaway

Homes in Munhall have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Munhall was $167,450 in November 2024, up 8.6% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $112.5K$135K
+20.0%
3 $163K$174.9K
+7.3%
4 $180K$185K
+2.8%
5+ $169K$179.7K
+6.4%

Summary: Munhall housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Munhall
+8.6%
Homestead
+6.2%

Housing Supply in Munhall, PA

How many homes are available in Munhall, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6057-5.0%

Summary: The Munhall real estate market had 57 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1616
0.0%
3 3532
-8.6%
4 55
0.0%
5+ 44
0.0%

Summary: The Munhall 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 remained the same, 3 bedroom homes decreased by 8.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13130.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Munhall, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Munhall in November 2024, the same as the previous month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.

Days on Market for Munhall, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days57 Days+38.7%

Summary: Homes in Munhall had an average of 57 days on market in Nov 2024, up by 38.7% compared to last year.

Breakdown of Home Sale Times

6 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 Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Munhall; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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 29 Days Ago

Newest Listings in Munhall, PA

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