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 May 2023
Since last year, Central Business District / Downtown / Golden Triangle has remained a Buyer's Market.
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
$375,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central Business District / Downtown / Golden Triangle was $375,000 in May 2024, up 36.4% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $199.5K | -13.2% |
2 Bedrooms | $436.9K | $464.2K | +6.2% |
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 May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Central Business District / Downtown / Golden Triangle | $275K | $375K | +36.4% |
Strip District | $513K | $590K | +15.0% |
Hill District | $135K | $155K | +14.8% |
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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 71 | -1.4% |
Summary: The Central Business District / Downtown / Golden Triangle real estate market had 71 homes for sale in May 2024, a 1.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 23 | +9.5% |
2 Bedrooms | 40 | 37 | -7.5% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Central Business District / Downtown / Golden Triangle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 3 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Central Business District / Downtown / Golden Triangle in May 2024, down by 66.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 52 Days | -18.1% |
Summary: Homes in Central Business District / Downtown / Golden Triangle had an average of 52 days on market in May 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Central Business District / Downtown / Golden Triangle; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.