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.
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
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
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
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.