Is Hermitage, 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, Hermitage has remained a Seller's Market.
Housing Prices in Hermitage, PA
How much do homes in Hermitage, PA cost?
Median Sold Price
$190,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hermitage was $190,000 in April 2024, up 6.4% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $165K | $180K | +9.1% |
3 Bedrooms | $170K | $169.9K | -0.1% |
4 Bedrooms | $317K | $305K | -3.8% |
5+ Bedrooms | $427.5K | $490K | +14.6% |
Summary: Hermitage 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 9.1%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in Hermitage, PA
How many homes are available in Hermitage, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 54 | +22.7% |
Summary: The Hermitage real estate market had 54 homes for sale in April 2024, a 22.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 28 | 31 | +10.7% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Hermitage 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 60%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Hermitage in April 2024, up by 66.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for Hermitage, PA
How long does it take to sell a home in Hermitage, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 52 Days | -35.2% |
Summary: Homes in Hermitage had an average of 52 days on market in Apr 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Hermitage; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.