Is Verona, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Verona is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Verona has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Verona, PA

How much do homes in Verona, PA cost?

Median Sold Price

$180,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+5.9%)

Key Takeaway

Homes in Verona have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Verona was $180,000 in October 2024, up 5.9% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$115K
+53.3%
2 $141.5K$103K
-27.2%
3 $169.9K$185.2K
+9.0%
4 $210.4K$200K
-5.0%
5+ $330.7K$180K
-45.6%

Summary: Verona housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.3%, 2 bedroom homes decreased by 27.2%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 45.6%.

Median Sold Price Compared To Nearby Cities

Oakmont
+17.4%
Verona
+5.9%
Penn Hills Township
+4.8%

Housing Supply in Verona, PA

How many homes are available in Verona, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5369+30.2%

Summary: The Verona real estate market had 69 homes for sale in October 2024, a 30.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 57
+40.0%
3 3447
+38.2%
4 1313
0.0%
5+ 11
0.0%

Summary: The Verona housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 38.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Verona, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Verona in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Verona, PA

How long does it take to sell a home in Verona, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days34 Days-15.7%

Summary: Homes in Verona had an average of 34 days on market in Oct 2024, down by 15.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 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 Verona has remained consistent over time.

Summary: During October 2024, 13 homes were sold in Verona; 46% of homes were sold within 30 days, 54% 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 20 Days Ago

Newest Listings in Verona, PA

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