Is South Side Slopes, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Side Slopes is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, South Side Slopes was a Neutral Market.

Key Takeaway

South Side Slopes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Side Slopes, PA

How much do homes in South Side Slopes, PA cost?

Median Sold Price

$164,950

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$6,050(-3.5%)

Key Takeaway

Homes in South Side Slopes have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in South Side Slopes was $164,950 in November 2024, down 3.5% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $199.5K$252.5K
+26.6%
2 $172.4K$138.5K
-19.7%
3 $166K$172.5K
+3.9%
4 $165.9K$195K
+17.5%
5+ $225K$162.4K
-27.8%

Summary: South Side Slopes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes decreased by 19.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 27.8%.

Median Sold Price Compared To Nearby Neighborhoods

Mount Oliver Borough
+51.8%
South Side Slopes
-3.5%
South Side Flats
-12.1%
South Side
-15.4%

Housing Supply in South Side Slopes, PA

How many homes are available in South Side Slopes, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6866-2.9%

Summary: The South Side Slopes real estate market had 66 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1411
-21.4%
3 4141
0.0%
4 910
+11.1%
5+ 11
0.0%

Summary: The South Side Slopes 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 21.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Side Slopes, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in South Side Slopes in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for South Side Slopes, PA

How long does it take to sell a home in South Side Slopes, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
69 Days58 Days-15.9%

Summary: Homes in South Side Slopes had an average of 58 days on market in Nov 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Side Slopes are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in South Side Slopes; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

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