Is Plum, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plum is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Plum, PA

How much do homes in Plum, PA cost?

Median Sold Price

$250,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$8,500(+3.5%)

Key Takeaway

Homes in Plum have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Plum was $250,000 in December 2024, up 3.5% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$89K
N/A
2 $146.2K$155K
+6.0%
3 $230.5K$243.4K
+5.6%
4 $366.2K$327.4K
-10.6%
5+ $418.9K$405K
-3.3%

Summary: Plum housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Cheswick
+15.0%
Springdale Township
+7.8%
Penn Hills Township
+6.1%
Springdale
+5.6%
Plum
+3.5%

Housing Supply in Plum, PA

How many homes are available in Plum, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8477-8.3%

Summary: The Plum real estate market had 77 homes for sale in December 2024, a 8.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 4846
-4.2%
4 2522
-12.0%
5+ 11
0.0%

Summary: The Plum 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 decreased by 22.2%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2214-36.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer50%43%7%

Key Takeaway

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

Summary: A total of 14 homes were sold or pending in Plum in December 2024, down by 36.4% month-over-month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.

Days on Market for Plum, PA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
58 Days46 Days-20.4%

Summary: Homes in Plum had an average of 46 days on market in Dec 2024, down by 20.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times57%21%21%

Key Takeaway

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

Summary: During December 2024, 14 homes were sold in Plum; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 7 Days Ago

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