Is South Side, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Side has remained a Seller's Market.
Housing Prices in South Side, PA
How much do homes in South Side, PA cost?
Median Sold Price
$251,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Side was $251,000 in May 2024, up 13% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174.9K | $110K | -37.1% |
2 Bedrooms | $215K | $227K | +5.6% |
3 Bedrooms | $220K | $250K | +13.6% |
4 Bedrooms | $260K | $295K | +13.5% |
5+ Bedrooms | $299.9K | $306.5K | +2.2% |
Summary: South Side housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Neighborhoods
South Side | $222.1K | $251K | +13.0% |
Westbrook Park | $200K | $210K | +5.0% |
Housing Supply in South Side, PA
How many homes are available in South Side, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 62 | -13.9% |
Summary: The South Side real estate market had 62 homes for sale in May 2024, a 13.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 44 | 35 | -20.5% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The South Side housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in South Side in May 2024, up by 13.6% month-over-month. Of the 25 sold homes, 12% were sold under asking, 8% were sold at asking, and 80% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 14 Days | +70.6% |
Summary: Homes in South Side had an average of 14 days on market in May 2024, up by 70.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in South Side; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.