Is Arnold, 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, Arnold was a Buyer's Market.
Key Takeaway
Arnold is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arnold, PA
How much do homes in Arnold, PA cost?
Median Sold Price
$83,000
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arnold have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in Arnold was $83,000 in May 2024, down 9.3% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $25K | N/A |
| 2 Bedrooms | $95K | $92.5K | -2.6% |
| 3 Bedrooms | $88K | $80K | -9.1% |
| 4 Bedrooms | $92.7K | $86K | -7.3% |
| 5+ Bedrooms | $106K | $84K | -20.8% |
Summary: Arnold 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 decreased by 2.6%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 20.8%.
Median Sold Price Compared To Nearby Cities
| New Kensington | $157.7K | $168.3K | +6.7% |
| Arnold | $91.5K | $83K | -9.3% |
Housing Supply in Arnold, PA
How many homes are available in Arnold, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Arnold real estate market had 31 homes for sale in May 2024, a 6.9% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Arnold 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 increased by 15.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arnold, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Arnold in May 2024, up by 350.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Arnold, PA
How long does it take to sell a home in Arnold, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 80 Days | 257 Days | +219.7% |
Summary: Homes in Arnold had an average of 257 days on market in May 2024, up by 219.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Arnold are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 9 homes were sold in Arnold; 11% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 78% of homes were sold over 90 days.
