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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shenango Township is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Shenango 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 Shenango Township, PA

How much do homes in Shenango Township, PA cost?

Median Sold Price

$235,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,000(+19.9%)

Key Takeaway

Homes in Shenango Township have sold for 19.9% more than they did a year ago.

Summary: The median home sold price in Shenango Township was $235,000 in November 2024, up 19.9% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$176.2K
N/A
2 $145K$170K
+17.2%
3 $196K$240K
+22.4%
4 $253.2K$485K
+91.5%
5+ $272.6K-
N/A

Summary: Shenango Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 91.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Shenango Township
+19.9%
Hermitage
+19.5%
West Middlesex
+12.1%

Housing Supply in Shenango Township, PA

How many homes are available in Shenango Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
67+16.7%

Summary: The Shenango Township real estate market had 7 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 34
+33.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Shenango Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shenango Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Shenango Township in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Shenango Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days24 Days-45.9%

Summary: Homes in Shenango Township had an average of 24 days on market in Nov 2024, down by 45.9% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Shenango 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Shenango Township, PA

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