$4,038 Closing Credit*
$340,000
2,145 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Central - Center Valley
Is South Side, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Side has remained a Seller's Market.
Key Takeaway
South Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Side, PA
How much do homes in South Side, PA cost?
Median Sold Price
$260,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+8.3%)
Key Takeaway
Homes in South Side have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in South Side was $260,000 in November 2024, up 8.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $106K | -44.2% |
| 2 Bedrooms | $222K | $240K | +8.1% |
| 3 Bedrooms | $239.5K | $258K | +7.7% |
| 4 Bedrooms | $275K | $302.5K | +10.0% |
| 5+ Bedrooms | $279.9K | $325K | +16.1% |
Summary: South Side housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.2%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Lehigh Parkway | $230K | $265K | +15.2% |
| South Side | $240K | $260K | +8.3% |
Housing Supply in South Side, PA
How many homes are available in South Side, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 74 | -26.0% |
Summary: The South Side real estate market had 74 homes for sale in November 2024, a 26.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 7 | -53.3% |
| 3 Bedrooms | 64 | 47 | -26.6% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The South Side 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 decreased by 53.3%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 23 | -37.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Side, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in South Side in November 2024, down by 37.8% month-over-month. Of the 23 sold homes, 30% were sold under asking, 22% were sold at asking, and 48% were sold over asking.
Days on Market for South Side, PA
How long does it take to sell a home in South Side, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 34 Days | +203.9% |
Summary: Homes in South Side had an average of 34 days on market in Nov 2024, up by 203.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Side are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in South Side; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
