$2,126 Closing Credit*
$179,000
1,414 SqFt
3 Beds
•2 Full Baths
Heather Romanelli, Listing Office: Coldwell Banker Realty
Is Penn Hills Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Penn Hills Township has remained a Seller's Market.
Key Takeaway
Penn Hills Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penn Hills Township, PA
How much do homes in Penn Hills Township, PA cost?
Median Sold Price
$174,975
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,975(+6.0%)
Key Takeaway
Homes in Penn Hills Township have sold for 6% more than they did a year ago.
Summary: The median home sold price in Penn Hills Township was $174,975 in November 2024, up 6% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $131K | $129.9K | -0.8% |
| 3 Bedrooms | $165K | $174.9K | +6.0% |
| 4 Bedrooms | $190K | $208.7K | +9.9% |
| 5+ Bedrooms | $235K | $291K | +23.8% |
Summary: Penn Hills 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 decreased by 0.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 23.8%.
Median Sold Price Compared To Nearby Cities
| Oakmont | $290.5K | $327.5K | +12.7% |
| Penn Hills Township | $165K | $174.9K | +6.0% |
| Verona | $170K | $179.9K | +5.8% |
| Blawnox | $207K | $218.2K | +5.4% |
Housing Supply in Penn Hills Township, PA
How many homes are available in Penn Hills Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 193 | 179 | -7.3% |
Summary: The Penn Hills Township real estate market had 179 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 17 | -26.1% |
| 3 Bedrooms | 132 | 126 | -4.5% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Penn Hills 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 26.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 44 | -12.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Hills Township, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Penn Hills Township in November 2024, down by 12.0% month-over-month. Of the 44 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.
Days on Market for Penn Hills Township, PA
How long does it take to sell a home in Penn Hills Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 42 Days | +2.6% |
Summary: Homes in Penn Hills Township had an average of 42 days on market in Nov 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penn Hills Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in Penn Hills Township; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
