Is Dormont, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dormont has remained a Seller's Market.
Housing Prices in Dormont, PA
How much do homes in Dormont, PA cost?
Median Sold Price
$270,400
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dormont was $270,400 in April 2024, up 6.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170K | $178K | +4.7% |
3 Bedrooms | $234K | $251K | +7.3% |
4 Bedrooms | $308.7K | $312.5K | +1.2% |
5+ Bedrooms | $353.4K | $330K | -6.6% |
Summary: Dormont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
Pittsburgh | $224.4K | $241.4K | +7.6% |
Mount Lebanon Township | $365K | $389.9K | +6.8% |
Dormont | $253.5K | $270.4K | +6.7% |
Housing Supply in Dormont, PA
How many homes are available in Dormont, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Summary: The Dormont real estate market had 31 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 5 | 2 | -60.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Dormont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Dormont in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Dormont, PA
How long does it take to sell a home in Dormont, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 40 Days | -44.9% |
Summary: Homes in Dormont had an average of 40 days on market in Apr 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Dormont; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.