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 seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Scott Township, PA

How much do homes in Scott Township, PA cost?

Median Sold Price

$240,950

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,950(+3.9%)

Key Takeaway

Homes in Scott Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Scott Township was $240,950 in October 2024, up 3.9% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$104K
-5.5%
2 $161.6K$169.9K
+5.1%
3 $250K$268K
+7.2%
4 $290K$326K
+12.4%
5+ $370K$238.6K
-35.5%

Summary: Scott Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 35.5%.

Median Sold Price Compared To Nearby Cities

Carnegie
+8.8%
Scott Township
+3.9%
Mount Lebanon Township
0.3%

Housing Supply in Scott Township, PA

How many homes are available in Scott Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5158+13.7%

Summary: The Scott Township real estate market had 58 homes for sale in October 2024, a 13.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1314
+7.7%
3 2332
+39.1%
4 97
-22.2%
5+ 21
-50.0%

Summary: The Scott 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 7.7%, 3 bedroom homes increased by 39.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1017+70.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 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. 41.2% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Scott Township in October 2024, up by 70.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 41% were sold at asking, and 29% 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

Oct 2023Oct 2024CHANGE
19 Days27 Days+42.1%

Summary: Homes in Scott Township had an average of 27 days on market in Oct 2024, up by 42.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Scott Township; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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 20 Days Ago

Newest Listings in Scott Township, PA

Nearby Markets to Scott Township, PA

What housing markets are near Scott Township, PA?