Is Squirrel Hill, 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, Squirrel Hill was a Seller's Market.
Key Takeaway
Squirrel Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Squirrel Hill, PA
How much do homes in Squirrel Hill, PA cost?
Median Sold Price
$595,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Squirrel Hill have sold for 19% more than they did a year ago.
Summary: The median home sold price in Squirrel Hill was $595,000 in May 2024, up 19% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $155K | +5.1% |
| 2 Bedrooms | $293.7K | $445K | +51.5% |
| 3 Bedrooms | $438K | $461.5K | +5.4% |
| 4 Bedrooms | $500K | $565.5K | +13.1% |
| 5+ Bedrooms | $814.2K | $804.7K | -1.2% |
Summary: Squirrel Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 51.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Squirrel Hill North | $615K | $800K | +30.1% |
| Squirrel Hill | $500K | $595K | +19.0% |
| Squirrel Hill South | $400K | $442.5K | +10.6% |
| Swisshelm Park | $282K | $270K | -4.3% |
| Greenfield | $259K | $230K | -11.2% |
Housing Supply in Squirrel Hill, PA
How many homes are available in Squirrel Hill, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 82 | +17.1% |
Summary: The Squirrel Hill real estate market had 82 homes for sale in May 2024, a 17.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 16 | 25 | +56.3% |
| 5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The Squirrel Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Squirrel Hill, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Squirrel Hill in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Squirrel Hill, PA
How long does it take to sell a home in Squirrel Hill, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 48 Days | +27.5% |
Summary: Homes in Squirrel Hill had an average of 48 days on market in May 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Squirrel Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Squirrel Hill; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
