$4,868 Closing Credit*
$409,900
1,776 SqFt
3 Beds
•2 Full Baths, 1 Partial
Meghan Scichilone, Listing Office: Howard Hanna Real Estate Services
Is South Fayette Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South Fayette Township has remained a Seller's Market.
Key Takeaway
South Fayette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Fayette Township, PA
How much do homes in South Fayette Township, PA cost?
Median Sold Price
$369,995
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,545(+14.0%)
Key Takeaway
Homes in South Fayette Township have sold for 14% more than they did a year ago.
Summary: The median home sold price in South Fayette Township was $369,995 in October 2024, up 14% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86.7K | $91K | +4.9% |
| 2 Bedrooms | $160K | $188K | +17.5% |
| 3 Bedrooms | $297.5K | $325K | +9.2% |
| 4 Bedrooms | $449.9K | $525K | +16.7% |
| 5+ Bedrooms | $625K | $707.9K | +13.3% |
Summary: South Fayette Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| South Fayette Township | $324.4K | $369.9K | +14.0% |
| Oakdale | $290K | $280K | -3.4% |
Housing Supply in South Fayette Township, PA
How many homes are available in South Fayette Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 96 | -6.8% |
Summary: The South Fayette Township real estate market had 96 homes for sale in October 2024, a 6.8% 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 | 9 | 11 | +22.2% |
| 3 Bedrooms | 47 | 46 | -2.1% |
| 4 Bedrooms | 39 | 33 | -15.4% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The South Fayette 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 22.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Fayette Township, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in South Fayette Township in October 2024, up by 9.5% month-over-month. Of the 23 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for South Fayette Township, PA
How long does it take to sell a home in South Fayette Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 31 Days | -28.1% |
Summary: Homes in South Fayette Township had an average of 31 days on market in Oct 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Fayette Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in South Fayette Township; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
