Is Scott Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Scott Township was a Seller's Market.

Key Takeaway

Scott Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Scott Township, PA

How much do homes in Scott Township, PA cost?

Median Sold Price

$249,900

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,900(+8.2%)

Key Takeaway

Homes in Scott Township have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Scott Township was $249,900 in September 2024, up 8.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $110K$104K
-5.5%
2 $161.6K$176K
+8.9%
3 $250K$268K
+7.2%
4 $289K$326K
+12.8%
5+ $370K$238.6K
-35.5%

Summary: Scott Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 35.5%.

Median Sold Price Compared To Nearby Cities

Scott Township
+8.2%
Mount Lebanon Township
0.3%
Carnegie
0.0%

Housing Supply in Scott Township, PA

How many homes are available in Scott Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4450+13.6%

Summary: The Scott Township real estate market had 50 homes for sale in September 2024, a 13.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 53
-40.0%
2 1112
+9.1%
3 2124
+14.3%
4 59
+80.0%
5+ 22
0.0%

Summary: The Scott Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scott Township, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Scott Township in September 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% were sold at asking, and 0% were sold over asking.

Days on Market for Scott Township, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
23 Days76 Days+229.4%

Summary: Homes in Scott Township had an average of 76 days on market in Sep 2024, up by 229.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Scott Township has remained consistent over time.

Summary: During September 2024, 8 homes were sold in Scott Township; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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 Sep 1, 2024

Newest Listings in Scott Township, PA

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