Is Swissvale, 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, Swissvale was a Seller's Market.
Key Takeaway
Swissvale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Swissvale, PA
How much do homes in Swissvale, PA cost?
Median Sold Price
$175,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Swissvale have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Swissvale was $175,000 in May 2024, up 4.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.4K | $147K | +52.5% |
| 2 Bedrooms | $120K | $129.9K | +8.3% |
| 3 Bedrooms | $165K | $180K | +9.1% |
| 4 Bedrooms | $256K | $275K | +7.4% |
| 5+ Bedrooms | $250.5K | $225K | -10.2% |
Summary: Swissvale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Braddock Hills | $140.1K | $149K | +6.4% |
| Swissvale | $167K | $175K | +4.8% |
| Edgewood | $335K | $340.2K | +1.6% |
| Wilkinsburg | $136.9K | $133K | -2.8% |
Housing Supply in Swissvale, PA
How many homes are available in Swissvale, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 65 | +14.0% |
Summary: The Swissvale real estate market had 65 homes for sale in May 2024, a 14.0% 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 | 16 | 14 | -12.5% |
| 3 Bedrooms | 22 | 31 | +40.9% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Swissvale 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 decreased by 12.5%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swissvale, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Swissvale in May 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Swissvale, PA
How long does it take to sell a home in Swissvale, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 42 Days | +20.4% |
Summary: Homes in Swissvale had an average of 42 days on market in May 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Swissvale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Swissvale; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
