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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Versailles is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North Versailles, PA

How much do homes in North Versailles, PA cost?

Median Sold Price

$135,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,000(-3.6%)

Key Takeaway

Homes in North Versailles have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in North Versailles was $135,000 in November 2024, down 3.6% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $27K-
N/A
2 $97K$105.2K
+8.5%
3 $154.9K$140K
-9.6%
4 $148.5K$159.9K
+7.7%
5+ -$314.5K
N/A

Summary: North Versailles 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 decreased by 9.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Versailles Township
-2.4%
North Versailles
-3.6%

Housing Supply in North Versailles, PA

How many homes are available in North Versailles, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
58580.0%

Summary: The North Versailles real estate market had 58 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1615
-6.3%
3 2927
-6.9%
4 1013
+30.0%
5+ 33
0.0%

Summary: The North Versailles 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 6.3%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Versailles, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in North Versailles in November 2024, up by 44.4% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for North Versailles, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
87 Days34 Days-60.8%

Summary: Homes in North Versailles had an average of 34 days on market in Nov 2024, down by 60.8% compared to last year.

Breakdown of Home Sale Times

6 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 North Versailles are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in North Versailles; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% 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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