Is Carnegie, 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, Carnegie has remained a Seller's Market.
Key Takeaway
Carnegie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carnegie, PA
How much do homes in Carnegie, PA cost?
Median Sold Price
$212,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carnegie have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Carnegie was $212,500 in May 2024, up 5.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $45K | -33.8% |
| 2 Bedrooms | $163K | $149.5K | -8.3% |
| 3 Bedrooms | $235K | $234.5K | -0.2% |
| 4 Bedrooms | $242.7K | $215K | -11.4% |
| 5+ Bedrooms | $382.5K | $273K | -28.6% |
Summary: Carnegie housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Cities
| Scott Township | $209.2K | $242K | +15.7% |
| Robinson Township | $259.9K | $297.5K | +14.5% |
| Carnegie | $201.6K | $212.5K | +5.4% |
Housing Supply in Carnegie, PA
How many homes are available in Carnegie, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 66 | +34.7% |
Summary: The Carnegie real estate market had 66 homes for sale in May 2024, a 34.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 28 | 36 | +28.6% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Carnegie housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carnegie, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Carnegie in May 2024, up by 87.5% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for Carnegie, PA
How long does it take to sell a home in Carnegie, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 37 Days | +7.5% |
Summary: Homes in Carnegie had an average of 37 days on market in May 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carnegie are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Carnegie; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.