Is North Strabane Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Strabane Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, North Strabane Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Strabane Township, PA

How much do homes in North Strabane Township, PA cost?

Median Sold Price

$338,250

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$11,250(-3.2%)

Key Takeaway

Homes in North Strabane Township have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in North Strabane Township was $338,250 in December 2024, down 3.2% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $39K$117.5K
+201.3%
2 $202.5K$225K
+11.1%
3 $315.4K$331.5K
+5.1%
4 $483.6K$485K
0.3%
5+ $516K$528K
+2.3%

Summary: North Strabane Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 201.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

South Strabane Township
+8.5%
Canonsburg
-2.7%
North Strabane Township
-3.2%

Housing Supply in North Strabane Township, PA

How many homes are available in North Strabane Township, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7175+5.6%

Summary: The North Strabane Township real estate market had 75 homes for sale in December 2024, a 5.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 77
0.0%
3 4244
+4.8%
4 1416
+14.3%
5+ 55
0.0%

Summary: The North Strabane Township housing inventory by bedroom type for December 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 4.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Strabane Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in North Strabane Township in December 2024, up by 38.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for North Strabane Township, PA

How long does it take to sell a home in North Strabane Township, PA?

Average Sale Time

Dec 2023Dec 2024CHANGE
38 Days46 Days+22.5%

Summary: Homes in North Strabane Township had an average of 46 days on market in Dec 2024, up by 22.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Strabane Township has remained consistent over time.

Summary: During December 2024, 18 homes were sold in North Strabane Township; 44% of homes were sold within 30 days, 50% 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 4 Days Ago

Newest Listings in North Strabane Township, PA

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