Is Stowe 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, Stowe Township has remained a Seller's Market.
Key Takeaway
Stowe Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stowe Township, PA
How much do homes in Stowe Township, PA cost?
Median Sold Price
$118,500
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stowe Township have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Stowe Township was $118,500 in May 2024, up 18.5% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $54.9K | N/A |
| 2 Bedrooms | $69.7K | $75K | +7.5% |
| 3 Bedrooms | $101K | $130K | +28.7% |
| 4 Bedrooms | $125K | $115K | -8.0% |
| 5+ Bedrooms | $112.4K | $76.5K | -32.0% |
Summary: Stowe 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 increased by 7.5%, 3 bedroom homes increased by 28.7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 32%.
Median Sold Price Compared To Nearby Cities
| Mc Kees Rocks | $154.9K | $185K | +19.4% |
| Stowe Township | $100K | $118.5K | +18.5% |
| Bellevue | $210K | $230K | +9.5% |
| Avalon | $175K | $190K | +8.6% |
| McKees Rocks | $65K | $67K | +3.1% |
Housing Supply in Stowe Township, PA
How many homes are available in Stowe Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Stowe Township real estate market had 26 homes for sale in May 2024, a 18.2% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Stowe 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 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 Stowe Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Stowe Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Stowe Township, PA
How long does it take to sell a home in Stowe Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 58 Days | +27.0% |
Summary: Homes in Stowe Township had an average of 58 days on market in May 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Stowe Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Stowe Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
