Is Braddock, 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, Braddock was a Seller's Market.
Key Takeaway
Braddock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Braddock, PA
How much do homes in Braddock, PA cost?
Median Sold Price
$75,000
$50/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Braddock have sold for 36.4% more than they did a year ago.
Summary: The median home sold price in Braddock was $75,000 in May 2024, up 36.4% from last year, and the median price per square foot was $50.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $38.9K | $61.2K | +57.5% |
| 3 Bedrooms | $90K | $85K | -5.6% |
| 4 Bedrooms | $123K | $69.5K | -43.5% |
| 5+ Bedrooms | $78K | $126.7K | +62.5% |
Summary: Braddock 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 57.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes increased by 62.5%.
Median Sold Price Compared To Nearby Cities
| North Braddock | $60.2K | $82.5K | +36.9% |
| Braddock | $55K | $75K | +36.4% |
Housing Supply in Braddock, PA
How many homes are available in Braddock, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Summary: The Braddock real estate market had 30 homes for sale in May 2024, a 3.4% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Braddock 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 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 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 Braddock, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Braddock in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Braddock, PA
How long does it take to sell a home in Braddock, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 55 Days | -11.8% |
Summary: Homes in Braddock had an average of 55 days on market in May 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Braddock has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Braddock; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
