Is South Strabane Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Strabane Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, South Strabane Township was a Buyer's Market.

Key Takeaway

South Strabane Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Strabane Township, PA

How much do homes in South Strabane Township, PA cost?

Median Sold Price

$268,800

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,200(-0.4%)

Key Takeaway

The sold price of homes in South Strabane Township has remained the same since last year.

Summary: The median home sold price in South Strabane Township was $268,800 in November 2024, down 0.4% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100K$75K
-25.0%
2 $180.3K$147.8K
-18.0%
3 $269.5K$270K
0.2%
4 $420K$424.9K
+1.2%
5+ $370K$465K
+25.7%

Summary: South Strabane Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 25.7%.

Median Sold Price Compared To Nearby Cities

Washington
+9.5%
East Washington
+3.9%
South Strabane Township
-0.4%
North Strabane Township
-3.3%

Housing Supply in South Strabane Township, PA

How many homes are available in South Strabane Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4038-5.0%

Summary: The South Strabane Township real estate market had 38 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 2118
-14.3%
4 99
0.0%
5+ 23
+50.0%

Summary: The South Strabane Township 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Strabane Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in South Strabane Township in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for South Strabane Township, PA

How long does it take to sell a home in South Strabane Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days42 Days+48.2%

Summary: Homes in South Strabane Township had an average of 42 days on market in Nov 2024, up by 48.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South Strabane Township has remained consistent over time.

Summary: During November 2024, 8 homes were sold in South Strabane Township; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in South Strabane Township, PA

Nearby Markets to South Strabane Township, PA

What housing markets are near South Strabane Township, PA?