Is Squirrel Hill South, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Squirrel Hill South is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Squirrel Hill South was a Seller's Market.

Key Takeaway

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

Housing Prices in Squirrel Hill South, PA

How much do homes in Squirrel Hill South, PA cost?

Median Sold Price

$425,000

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,500(-0.6%)

Key Takeaway

Homes in Squirrel Hill South have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Squirrel Hill South was $425,000 in October 2024, down 0.6% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $147.5K$237.4K
+61.0%
2 $275K$276K
0.4%
3 $400K$380.5K
-4.9%
4 $450K$466.2K
+3.6%
5+ $500K$580K
+16.0%

Summary: Squirrel Hill South housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Neighborhoods

Squirrel Hill
+10.3%
Squirrel Hill South
-0.6%
Hazelwood
-1.3%
Greenfield
-2.1%

Housing Supply in Squirrel Hill South, PA

How many homes are available in Squirrel Hill South, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4445+2.3%

Summary: The Squirrel Hill South real estate market had 45 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1215
+25.0%
4 1715
-11.8%
5+ 1111
0.0%

Summary: The Squirrel Hill South housing inventory by bedroom type for October 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 25%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Squirrel Hill South, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Squirrel Hill South in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Squirrel Hill South, PA

How long does it take to sell a home in Squirrel Hill South, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days31 Days-30.0%

Summary: Homes in Squirrel Hill South had an average of 31 days on market in Oct 2024, down by 30% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Squirrel Hill South; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 13 Days Ago

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