Is Lower Burrell, 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, Lower Burrell has remained a Seller's Market.
Housing Prices in Lower Burrell, PA
How much do homes in Lower Burrell, PA cost?
Median Sold Price
$201,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lower Burrell was $201,000 in April 2024, up 8.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $140K | +115.4% |
2 Bedrooms | $148.5K | $165K | +11.1% |
3 Bedrooms | $187.5K | $201K | +7.2% |
4 Bedrooms | $269.2K | $254.9K | -5.3% |
5+ Bedrooms | $262.5K | $367.5K | +40.0% |
Summary: Lower Burrell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Cities
New Kensington | $137K | $171.4K | +25.1% |
Lower Burrell | $185K | $201K | +8.6% |
Brackenridge | $120K | $125K | +4.2% |
Tarentum | $130K | $133K | +2.3% |
Housing Supply in Lower Burrell, PA
How many homes are available in Lower Burrell, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Summary: The Lower Burrell real estate market had 37 homes for sale in April 2024, a 15.6% 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 | 6 | 8 | +33.3% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lower Burrell 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 33.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lower Burrell in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Lower Burrell, PA
How long does it take to sell a home in Lower Burrell, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 47 Days | -26.1% |
Summary: Homes in Lower Burrell had an average of 47 days on market in Apr 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Lower Burrell; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.