Is East Pittsburgh, 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, East Pittsburgh was a Seller's Market.
Key Takeaway
East Pittsburgh 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 East Pittsburgh, PA
How much do homes in East Pittsburgh, PA cost?
Median Sold Price
$89,355
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Pittsburgh have sold for 27.4% less than they did a year ago.
Summary: The median home sold price in East Pittsburgh was $89,355 in May 2024, down 27.4% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $68K | $80.5K | +18.4% |
| 3 Bedrooms | $135K | $93.7K | -30.6% |
| 4 Bedrooms | $112.5K | $69.9K | -37.9% |
| 5+ Bedrooms | $134K | $86.2K | -35.7% |
Summary: East Pittsburgh 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 18.4%, 3 bedroom homes decreased by 30.6%, 4 bedroom homes decreased by 37.9%, and 5+ bedroom homes decreased by 35.7%.
Median Sold Price Compared To Nearby Cities
| North Braddock | $60.2K | $82.5K | +36.9% |
| Turtle Creek | $85.2K | $101.7K | +19.4% |
| North Versailles | $130.5K | $139K | +6.5% |
| Wilkins Township | $176K | $180K | +2.3% |
| East Pittsburgh | $123K | $89.3K | -27.4% |
Housing Supply in East Pittsburgh, PA
How many homes are available in East Pittsburgh, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The East Pittsburgh real estate market had 7 homes for sale in May 2024, a 40.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The East Pittsburgh 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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 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 East Pittsburgh, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in East Pittsburgh in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for East Pittsburgh, PA
How long does it take to sell a home in East Pittsburgh, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 3 Days | -89.5% |
Summary: Homes in East Pittsburgh had an average of 3 days on market in May 2024, down by 89.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Pittsburgh are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in East Pittsburgh; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
