Is North Strabane Township, 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, North Strabane Township has remained a Seller's Market.
Key Takeaway
North Strabane Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Strabane Township, PA
How much do homes in North Strabane Township, PA cost?
Median Sold Price
$342,265
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Strabane Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in North Strabane Township was $342,265 in May 2024, up 3.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.4K | $39K | -57.8% |
| 2 Bedrooms | $180K | $220K | +22.2% |
| 3 Bedrooms | $300K | $313.2K | +4.4% |
| 4 Bedrooms | $459.9K | $490K | +6.5% |
| 5+ Bedrooms | $625K | $477.5K | -23.6% |
Summary: North Strabane Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.8%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Cities
| South Strabane Township | $245K | $277.6K | +13.3% |
| Houston | $237K | $261.5K | +10.3% |
| North Strabane Township | $330K | $342.2K | +3.7% |
| Canonsburg | $364.8K | $364.3K | -0.1% |
Housing Supply in North Strabane Township, PA
How many homes are available in North Strabane Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 88 | +18.9% |
Summary: The North Strabane Township real estate market had 88 homes for sale in May 2024, a 18.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 35 | 45 | +28.6% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The North Strabane Township 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 8.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 26 | +44.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Strabane Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in North Strabane Township in May 2024, up by 44.4% month-over-month. Of the 26 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for North Strabane Township, PA
How long does it take to sell a home in North Strabane Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 15 Days | -58.4% |
Summary: Homes in North Strabane Township had an average of 15 days on market in May 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Strabane Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in North Strabane Township; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% 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.