Is Latrobe, 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, Latrobe has remained a Seller's Market.
Key Takeaway
Latrobe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Latrobe, PA
How much do homes in Latrobe, PA cost?
Median Sold Price
$197,865
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Latrobe have sold for 7% more than they did a year ago.
Summary: The median home sold price in Latrobe was $197,865 in May 2024, up 7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $147K | +83.8% |
| 2 Bedrooms | $140K | $144.9K | +3.5% |
| 3 Bedrooms | $185K | $206.7K | +11.8% |
| 4 Bedrooms | $297.2K | $268.5K | -9.7% |
| 5+ Bedrooms | $310.5K | $335K | +7.9% |
Summary: Latrobe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Unity Township | $280K | $305K | +8.9% |
| Latrobe | $184.9K | $197.8K | +7.0% |
| Derry Township | $180K | $175K | -2.8% |
Housing Supply in Latrobe, PA
How many homes are available in Latrobe, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 77 | 77 | 0.0% |
Summary: The Latrobe real estate market had 77 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 46 | 43 | -6.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Latrobe 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 21.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latrobe, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Latrobe in May 2024, the same as the previous month. Of the 23 sold homes, 43% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Latrobe, PA
How long does it take to sell a home in Latrobe, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 25 Days | -37.5% |
Summary: Homes in Latrobe had an average of 25 days on market in May 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Latrobe are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Latrobe; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
