Is Castle Shannon, 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, Castle Shannon has remained a Seller's Market.
Housing Prices in Castle Shannon, PA
How much do homes in Castle Shannon, PA cost?
Median Sold Price
$195,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Castle Shannon was $195,000 in May 2024, up 5.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | $84K | +24.4% |
2 Bedrooms | $170K | $162.5K | -4.4% |
3 Bedrooms | $191K | $205.7K | +7.7% |
4 Bedrooms | $215K | $270K | +25.6% |
5+ Bedrooms | - | $302K | N/A |
Summary: Castle Shannon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Whitehall | $270K | $290.6K | +7.7% |
Bethel Park | $264.6K | $279.9K | +5.8% |
Castle Shannon | $185K | $195K | +5.4% |
Mount Lebanon Township | $365K | $383.3K | +5.0% |
Baldwin Township | $188K | $190.2K | +1.2% |
Housing Supply in Castle Shannon, PA
How many homes are available in Castle Shannon, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Summary: The Castle Shannon real estate market had 25 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Castle Shannon 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 5.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Castle Shannon in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for Castle Shannon, PA
How long does it take to sell a home in Castle Shannon, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 11 Days | -30.8% |
Summary: Homes in Castle Shannon had an average of 11 days on market in May 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Castle Shannon; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.