Is Wexford, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wexford is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Wexford has remained a Seller's Market.

Key Takeaway

Wexford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wexford, PA

How much do homes in Wexford, PA cost?

Median Sold Price

$495,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$53,245(+12.1%)

Key Takeaway

Homes in Wexford have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Wexford was $495,000 in May 2024, up 12.1% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$201.2K
N/A
2 $216.5K$274K
+26.6%
3 $368.7K$391.2K
+6.1%
4 $542.5K$580.2K
+7.0%
5+ $841.5K$945K
+12.3%

Summary: Wexford 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 26.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Cities

Wexford
+12.1%
Bradford Woods
+4.3%
Bradfordwoods
+4.3%
Pine Township
+2.6%
Marshall Township
-4.9%

Housing Supply in Wexford, PA

How many homes are available in Wexford, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8191+12.3%

Summary: The Wexford real estate market had 91 homes for sale in May 2024, a 12.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2424
0.0%
4 3746
+24.3%
5+ 1618
+12.5%

Summary: The Wexford 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2326+13.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wexford, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Wexford in May 2024, up by 13.0% month-over-month. Of the 26 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.

Days on Market for Wexford, PA

How long does it take to sell a home in Wexford, PA?

Average Sale Time

May 2023May 2024CHANGE
23 Days30 Days+27.4%

Summary: Homes in Wexford had an average of 30 days on market in May 2024, up by 27.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wexford are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 26 homes were sold in Wexford; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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