Is Sharpsville, 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, Sharpsville was a Neutral Market.
Key Takeaway
Sharpsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sharpsville, PA
How much do homes in Sharpsville, PA cost?
Median Sold Price
$142,500
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sharpsville have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in Sharpsville was $142,500 in May 2024, down 17.4% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $61.5K | $118.5K | +92.7% |
| 3 Bedrooms | $165K | $145K | -12.1% |
| 4 Bedrooms | $199K | $149.9K | -24.6% |
| 5+ Bedrooms | $305.4K | $195K | -36.2% |
Summary: Sharpsville 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 92.7%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes decreased by 36.2%.
Median Sold Price Compared To Nearby Cities
| Hermitage | $176K | $190K | +8.0% |
| South Pymatuning Township | $193K | $175K | -9.3% |
| Sharpsville | $172.4K | $142.5K | -17.4% |
Housing Supply in Sharpsville, PA
How many homes are available in Sharpsville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Sharpsville real estate market had 22 homes for sale in May 2024, a 4.8% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sharpsville 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 50%, 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 |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sharpsville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sharpsville in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Sharpsville, PA
How long does it take to sell a home in Sharpsville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 127 Days | 14 Days | -88.6% |
Summary: Homes in Sharpsville had an average of 14 days on market in May 2024, down by 88.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sharpsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Sharpsville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
