Is Brackenridge, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Brackenridge was a Seller's Market.
Key Takeaway
Brackenridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Brackenridge, PA
How much do homes in Brackenridge, PA cost?
Median Sold Price
$109,500
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brackenridge have sold for 12.4% less than they did a year ago.
Summary: The median home sold price in Brackenridge was $109,500 in May 2024, down 12.4% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $126.4K | $130K | +2.8% |
| 3 Bedrooms | $125K | $84.5K | -32.4% |
| 4 Bedrooms | $125K | $175K | +40.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Brackenridge 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 2.8%, 3 bedroom homes decreased by 32.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lower Burrell | $180K | $205K | +13.9% |
| Harrison Township | $155K | $163K | +5.2% |
| Natrona Heights | $161K | $167K | +3.7% |
| Brackenridge | $125K | $109.5K | -12.4% |
Housing Supply in Brackenridge, PA
How many homes are available in Brackenridge, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Brackenridge real estate market had 13 homes for sale in May 2024, a 18.2% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brackenridge 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 decreased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brackenridge, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Brackenridge in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Brackenridge, PA
How long does it take to sell a home in Brackenridge, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 101 Days | +93.5% |
Summary: Homes in Brackenridge had an average of 101 days on market in May 2024, up by 93.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Brackenridge has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Brackenridge; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
