Is Verona, 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, Verona has remained a Seller's Market.
Key Takeaway
Verona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Verona, PA
How much do homes in Verona, PA cost?
Median Sold Price
$170,000
$127/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Verona has remained the same since last year.
Summary: The median home sold price in Verona was $170,000 in May 2024, the same as last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.5K | $115K | +23.0% |
| 2 Bedrooms | $124.9K | $129.9K | +4.0% |
| 3 Bedrooms | $175K | $170K | -2.9% |
| 4 Bedrooms | $206K | $215K | +4.4% |
| 5+ Bedrooms | $241.9K | $293.7K | +21.4% |
Summary: Verona housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Oakmont | $309.5K | $320K | +3.4% |
| Penn Hills Township | $164.1K | $165.7K | +1.0% |
| Verona | $170K | $170K | 0.0% |
Housing Supply in Verona, PA
How many homes are available in Verona, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 61 | -10.3% |
Summary: The Verona real estate market had 61 homes for sale in May 2024, a 10.3% decrease 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 | 10 | 0.0% |
| 3 Bedrooms | 47 | 41 | -12.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Verona 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 decreased by 12.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 14 | -48.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Verona, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Verona in May 2024, down by 48.1% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Verona, PA
How long does it take to sell a home in Verona, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 39 Days | +11.5% |
Summary: Homes in Verona had an average of 39 days on market in May 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Verona are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Verona; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
