$2,553 Closing Credit*
$215,000
1,280 SqFt
3 Beds
•1 Full Bath
Michael Pohlot, Listing Office: Janus Realty Advisors
Is Reserve Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Reserve Township was a Seller's Market.
Key Takeaway
Reserve Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Reserve Township, PA
How much do homes in Reserve Township, PA cost?
Median Sold Price
$234,900
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,900(+2.1%)
Key Takeaway
Homes in Reserve Township have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Reserve Township was $234,900 in October 2024, up 2.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $202.7K | +19.3% |
| 3 Bedrooms | $243K | $242K | -0.4% |
| 4 Bedrooms | $261K | $270.5K | +3.6% |
| 5+ Bedrooms | $344K | $469.9K | +36.6% |
Summary: Reserve 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 increased by 19.3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 36.6%.
Median Sold Price Compared To Nearby Cities
| Shaler Township | $260K | $275K | +5.8% |
| Pittsburgh | $234.9K | $247.4K | +5.3% |
| Ross Township | $268.2K | $279.7K | +4.3% |
| Reserve Township | $230K | $234.9K | +2.1% |
Housing Supply in Reserve Township, PA
How many homes are available in Reserve Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Reserve Township real estate market had 14 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Reserve 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 decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Reserve Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Reserve Township in October 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Reserve Township, PA
How long does it take to sell a home in Reserve Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 3 Days | -89.0% |
Summary: Homes in Reserve Township had an average of 3 days on market in Oct 2024, down by 89% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reserve Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Reserve Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
