Is West District, 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, West District has remained a Seller's Market.
Housing Prices in West District, PA
How much do homes in West District, PA cost?
Median Sold Price
$185,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West District was $185,000 in May 2024, up 5.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.5K | $407K | +191.8% |
2 Bedrooms | $138.7K | $151K | +8.8% |
3 Bedrooms | $180K | $195K | +8.3% |
4 Bedrooms | $186K | $201K | +8.1% |
5+ Bedrooms | $235.7K | $204.9K | -13.1% |
Summary: West District housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 191.8%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Neighborhoods
Westwood | $177.5K | $199.9K | +12.6% |
West District | $175K | $185K | +5.7% |
Housing Supply in West District, PA
How many homes are available in West District, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
160 | 178 | +11.3% |
Summary: The West District real estate market had 178 homes for sale in May 2024, a 11.3% increase 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 | 41 | 43 | +4.9% |
3 Bedrooms | 90 | 97 | +7.8% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The West District 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 4.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 37 | +23.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in West District in May 2024, up by 23.3% month-over-month. Of the 37 sold homes, 49% were sold under asking, 11% were sold at asking, and 41% were sold over asking.
Days on Market for West District, PA
How long does it take to sell a home in West District, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 30 Days | -34.1% |
Summary: Homes in West District had an average of 30 days on market in May 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in West District; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.