Is South 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, South Strabane Township has remained a Seller's Market.
Housing Prices in South Strabane Township, PA
How much do homes in South Strabane Township, PA cost?
Median Sold Price
$277,635
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Strabane Township was $277,635 in May 2024, up 13.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.9K | $100K | 0.1% |
2 Bedrooms | $170K | $147K | -13.5% |
3 Bedrooms | $260K | $275.1K | +5.8% |
4 Bedrooms | $399.5K | $420K | +5.1% |
5+ Bedrooms | $370K | $385K | +4.1% |
Summary: South Strabane Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
South Strabane Township | $245K | $277.6K | +13.3% |
North Strabane Township | $330K | $342.2K | +3.7% |
East Washington | $245K | $252.2K | +3.0% |
Washington | $214.9K | $221K | +2.8% |
Housing Supply in South Strabane Township, PA
How many homes are available in South Strabane Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The South Strabane Township real estate market had 45 homes for sale in May 2024, a 18.4% 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 | 10 | 14 | +40.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South 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 40%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in South Strabane Township in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for South Strabane Township, PA
How long does it take to sell a home in South Strabane Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 41 Days | +2.0% |
Summary: Homes in South Strabane Township had an average of 41 days on market in May 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in South Strabane Township; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.