Is North Versailles Township, 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, North Versailles Township was a Seller's Market.
Key Takeaway
North Versailles Township 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 North Versailles Township, PA
How much do homes in North Versailles Township, PA cost?
Median Sold Price
$138,442
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Versailles Township have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in North Versailles Township was $138,442 in May 2024, up 9.4% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27K | - | N/A |
| 2 Bedrooms | $101.5K | $98.5K | -3.0% |
| 3 Bedrooms | $140K | $149K | +6.4% |
| 4 Bedrooms | $150.2K | $166K | +10.5% |
| 5+ Bedrooms | $185K | $314.5K | +70.0% |
Summary: North Versailles Township 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 decreased by 3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 70%.
Median Sold Price Compared To Nearby Cities
| North Versailles Township | $126.5K | $138.4K | +9.4% |
| North Versailles | $130.5K | $139K | +6.5% |
Housing Supply in North Versailles Township, PA
How many homes are available in North Versailles Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Summary: The North Versailles Township real estate market had 41 homes for sale in May 2024, a 2.5% 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 | 12 | 13 | +8.3% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Versailles 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 decreased by 4.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Versailles Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in North Versailles Township in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for North Versailles Township, PA
How long does it take to sell a home in North Versailles Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -5.3% |
Summary: Homes in North Versailles Township had an average of 32 days on market in May 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Versailles Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in North Versailles Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
