Is Jefferson Hills, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jefferson Hills has remained a Seller's Market.
Housing Prices in Jefferson Hills, PA
How much do homes in Jefferson Hills, PA cost?
Median Sold Price
$325,100
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jefferson Hills was $325,100 in May 2024, up 6.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $167.5K | $179.5K | +7.2% |
3 Bedrooms | $247K | $260K | +5.3% |
4 Bedrooms | $440K | $465K | +5.7% |
5+ Bedrooms | $920K | $500K | -45.7% |
Summary: Jefferson Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 45.7%.
Median Sold Price Compared To Nearby Cities
Clairton | $110K | $175K | +59.1% |
Elizabeth | $170K | $200K | +17.6% |
Jefferson Hills | $306.2K | $325.1K | +6.2% |
Housing Supply in Jefferson Hills, PA
How many homes are available in Jefferson Hills, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 46 | +15.0% |
Summary: The Jefferson Hills real estate market had 46 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Jefferson Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Jefferson Hills in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Jefferson Hills, PA
How long does it take to sell a home in Jefferson Hills, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
80 Days | 18 Days | -76.6% |
Summary: Homes in Jefferson Hills had an average of 18 days on market in May 2024, down by 76.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Jefferson Hills; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.