$2,375 Closing Credit*
$200,000
1,015 SqFt
3 Beds
•2 Full Baths
Aaron Hirak, Listing Office: Berkshire Hathaway The Preferred Realty
Is South Park, 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 Park has remained a Seller's Market.
Key Takeaway
South Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Park, PA
How much do homes in South Park, PA cost?
Median Sold Price
$275,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+6.6%)
Key Takeaway
Homes in South Park have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in South Park was $275,000 in October 2024, up 6.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | - | N/A |
| 2 Bedrooms | $160K | $180K | +12.5% |
| 3 Bedrooms | $251K | $240K | -4.4% |
| 4 Bedrooms | $379.9K | $360K | -5.2% |
| 5+ Bedrooms | $455K | $660K | +45.1% |
Summary: South Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Cities
| Union Township | $190.7K | $216K | +13.2% |
| South Park | $258K | $275K | +6.6% |
| Jefferson Hills | $301.2K | $321.2K | +6.6% |
| Bethel Park | $272.6K | $283K | +3.8% |
| South Park Township | $255.6K | $260K | +1.7% |
Housing Supply in South Park, PA
How many homes are available in South Park, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The South Park real estate market had 39 homes for sale in October 2024, a 8.3% increase 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Park 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 20%, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Park, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in South Park in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% were sold over asking.
Days on Market for South Park, PA
How long does it take to sell a home in South Park, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 32 Days | -32.3% |
Summary: Homes in South Park had an average of 32 days on market in Oct 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in South Park; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
