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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Squirrel Hill South has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Squirrel Hill South, PA

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

Median Sold Price

$426,250

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$750(-0.2%)

Key Takeaway

The sold price of homes in Squirrel Hill South has remained the same since last year.

Summary: The median home sold price in Squirrel Hill South was $426,250 in November 2024, down 0.2% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147.5K$197.5K
+33.9%
2 $275K$284K
+3.3%
3 $390K$370.2K
-5.1%
4 $450K$445K
-1.1%
5+ $500K$614K
+22.8%

Summary: Squirrel Hill South housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 22.8%.

Median Sold Price Compared To Nearby Neighborhoods

Squirrel Hill
+12.9%
Squirrel Hill South
-0.2%
Greenfield
-2.1%
Hazelwood
-5.3%

Housing Supply in Squirrel Hill South, PA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3842+10.5%

Summary: The Squirrel Hill South real estate market had 42 homes for sale in November 2024, a 10.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 36
+100.0%
3 1212
0.0%
4 1312
-7.7%
5+ 911
+22.2%

Summary: The Squirrel Hill South 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Squirrel Hill South, 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 Squirrel Hill South in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
28 Days41 Days+45.6%

Summary: Homes in Squirrel Hill South had an average of 41 days on market in Nov 2024, up by 45.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Squirrel Hill South has remained consistent over time.

Summary: During November 2024, 8 homes were sold in Squirrel Hill South; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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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