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 November 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

$335,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$11,500(-3.3%)

Key Takeaway

Homes in North Strabane Township have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in North Strabane Township was $335,000 in November 2024, down 3.3% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $39K-
N/A
2 $205.5K$223K
+8.5%
3 $315K$327K
+3.8%
4 $485K$482.5K
-0.5%
5+ $480K$534.9K
+11.4%

Summary: North Strabane Township 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 8.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 11.4%.

Median Sold Price Compared To Nearby Cities

Houston
+2.8%
South Strabane Township
-0.4%
Canonsburg
-1.0%
North Strabane Township
-3.3%

Housing Supply in North Strabane Township, PA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9173-19.8%

Summary: The North Strabane Township real estate market had 73 homes for sale in November 2024, a 19.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 127
-41.7%
3 5342
-20.8%
4 1615
-6.3%
5+ 76
-14.3%

Summary: The North Strabane Township 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 decreased by 41.7%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2813-53.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 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. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in North Strabane Township in November 2024, down by 53.6% month-over-month. Of the 13 sold homes, 77% were sold under asking, 0% were sold at asking, and 23% 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

Nov 2023Nov 2024CHANGE
55 Days43 Days-22.0%

Summary: Homes in North Strabane Township had an average of 43 days on market in Nov 2024, down by 22% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in North Strabane Township; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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 2 Days Ago

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