Is Venetia, 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, Venetia has remained a Seller's Market.
Key Takeaway
Venetia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Venetia, PA
How much do homes in Venetia, PA cost?
Median Sold Price
$569,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Venetia have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Venetia was $569,500 in May 2024, up 6.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.4K | $257.4K | +41.1% |
| 3 Bedrooms | $375K | $332.5K | -11.3% |
| 4 Bedrooms | $582.5K | $627K | +7.6% |
| 5+ Bedrooms | $757K | $861K | +13.7% |
Summary: Venetia 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 41.1%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Upper Saint Clair Township | $405K | $455K | +12.3% |
| Venetia | $535K | $569.5K | +6.4% |
| Bethel Park | $264.6K | $279.9K | +5.8% |
| Nottingham Township | $399.7K | $410K | +2.6% |
| Peters Township | $488.3K | $484.1K | -0.9% |
Housing Supply in Venetia, PA
How many homes are available in Venetia, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 52 | +67.7% |
Summary: The Venetia real estate market had 52 homes for sale in May 2024, a 67.7% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 20 | +100.0% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Venetia 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Venetia, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Venetia in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Venetia, PA
How long does it take to sell a home in Venetia, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 85 Days | +101.9% |
Summary: Homes in Venetia had an average of 85 days on market in May 2024, up by 101.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Venetia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Venetia; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
