$2,363 Closing Credit*
$199,000
John Walker, Listing Office: Deacon & Hoover Real Estate Advisors Llc
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 October 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
$172,848
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,848(+4.8%)
Key Takeaway
Homes in Penn Hills Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Penn Hills Township was $172,848 in October 2024, up 4.8% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $131K | $124.9K | -4.7% |
| 3 Bedrooms | $165K | $172K | +4.2% |
| 4 Bedrooms | $189.6K | $206.2K | +8.8% |
| 5+ Bedrooms | $235K | $276.5K | +17.7% |
Summary: Penn Hills Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in Penn Hills Township, PA
How many homes are available in Penn Hills Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 179 | 195 | +8.9% |
Summary: The Penn Hills Township real estate market had 195 homes for sale in October 2024, a 8.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 120 | 132 | +10.0% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Penn Hills Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Hills Township, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Penn Hills Township in October 2024, up by 17.5% month-over-month. Of the 47 sold homes, 51% were sold under asking, 13% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 43 Days | +3.8% |
Summary: Homes in Penn Hills Township had an average of 43 days on market in Oct 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 47 homes were sold in Penn Hills Township; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
