$2,968 Closing Credit*
$249,900
1,709 SqFt
Angelo Giannotti, Listing Office: RE/MAX Of Reading
Is Southside, 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, Southside has remained a Seller's Market.
Key Takeaway
Southside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southside, PA
How much do homes in Southside, PA cost?
Median Sold Price
$131,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,250(+35.4%)
Key Takeaway
Homes in Southside have sold for 35.4% more than they did a year ago.
Summary: The median home sold price in Southside was $131,000 in November 2024, up 35.4% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $87K | +24.3% |
| 3 Bedrooms | $96K | $109.9K | +14.5% |
| 4 Bedrooms | $100K | $150K | +50.0% |
| 5+ Bedrooms | $133K | $161K | +21.1% |
Summary: Southside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Southside | $96.7K | $131K | +35.4% |
| East Reading | $125K | $147.5K | +18.0% |
Housing Supply in Southside, PA
How many homes are available in Southside, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Southside real estate market had 11 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Southside 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southside, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Southside in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Southside, PA
How long does it take to sell a home in Southside, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 27 Days | +43.2% |
Summary: Homes in Southside had an average of 27 days on market in Nov 2024, up by 43.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southside are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Southside; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
