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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Buffalo Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, South Buffalo Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Buffalo Township, PA

How much do homes in South Buffalo Township, PA cost?

Median Sold Price

$494,500

$168/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$394,500(+394.5%)

Key Takeaway

Homes in South Buffalo Township have sold for 394.5% more than they did a month ago.

Summary: The median home sold price in South Buffalo Township was $494,500 in December 2024, up 394.5% from last month, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $100K-
N/A
3 -$359K
N/A
4 -$630K
N/A
5+ --
N/A

Summary: South Buffalo Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South Buffalo Township
+394.5%
Freeport
+259.0%

Housing Supply in South Buffalo Township, PA

How many homes are available in South Buffalo Township, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
43-25.0%

Summary: The South Buffalo Township real estate market had 3 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 11
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The South Buffalo Township 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 South Buffalo Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in South Buffalo Township in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for South Buffalo Township, PA

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

Average Sale Time

Nov 2024Dec 2024CHANGE
45 Days58 Days+28.9%

Summary: Homes in South Buffalo Township had an average of 58 days on market in Dec 2024, up by 28.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in South Buffalo Township; 0% of homes were sold within 30 days, 100% 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 4 Days Ago

Newest Listings in South Buffalo Township, PA

Nearby Markets to South Buffalo Township, PA

What housing markets are near South Buffalo Township, PA?