Is Central Business District / Downtown / Golden Triangle, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Central Business District / Downtown / Golden Triangle was a Seller's Market.
Key Takeaway
Central Business District / Downtown / Golden Triangle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Business District / Downtown / Golden Triangle, PA
How much do homes in Central Business District / Downtown / Golden Triangle, PA cost?
Median Sold Price
$382,500
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Business District / Downtown / Golden Triangle have sold for 39.1% more than they did a year ago.
Summary: The median home sold price in Central Business District / Downtown / Golden Triangle was $382,500 in April 2024, up 39.1% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.9K | $199.5K | -13.2% |
| 2 Bedrooms | $428K | $465K | +8.6% |
| 3 Bedrooms | $712.5K | $950K | +33.3% |
| 4 Bedrooms | $1.6M | $2.1M | +34.4% |
| 5+ Bedrooms | $765K | - | N/A |
Summary: Central Business District / Downtown / Golden Triangle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes did not change.
Housing Supply in Central Business District / Downtown / Golden Triangle, PA
How many homes are available in Central Business District / Downtown / Golden Triangle, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 72 | +9.1% |
Summary: The Central Business District / Downtown / Golden Triangle real estate market had 72 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 22 | +4.8% |
| 2 Bedrooms | 37 | 40 | +8.1% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Central Business District / Downtown / Golden Triangle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Business District / Downtown / Golden Triangle, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Central Business District / Downtown / Golden Triangle in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Central Business District / Downtown / Golden Triangle, PA
How long does it take to sell a home in Central Business District / Downtown / Golden Triangle, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 86 Days | +179.7% |
Summary: Homes in Central Business District / Downtown / Golden Triangle had an average of 86 days on market in Apr 2024, up by 179.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Central Business District / Downtown / Golden Triangle has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Central Business District / Downtown / Golden Triangle; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
