Is Penn Hills Township, 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, Penn Hills Township has remained a Seller's Market.
Key Takeaway
Penn Hills Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penn Hills Township, PA
How much do homes in Penn Hills Township, PA cost?
Median Sold Price
$165,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Penn Hills Township have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Penn Hills Township was $165,000 in April 2024, up 0.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91K | - | N/A |
| 2 Bedrooms | $130K | $125K | -3.8% |
| 3 Bedrooms | $165K | $165K | 0.0% |
| 4 Bedrooms | $190K | $204.8K | +7.8% |
| 5+ Bedrooms | $220.4K | $270K | +22.5% |
Summary: Penn Hills Township 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 decreased by 3.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in Penn Hills Township, PA
How many homes are available in Penn Hills Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 189 | 189 | 0.0% |
Summary: The Penn Hills Township real estate market had 189 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 | 1 | +100.0% |
| 2 Bedrooms | 32 | 26 | -18.8% |
| 3 Bedrooms | 115 | 118 | +2.6% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Penn Hills Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 55 | +14.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Hills Township, you could pay more than the asking price. 50.9% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in Penn Hills Township in April 2024, up by 14.6% month-over-month. Of the 55 sold homes, 33% were sold under asking, 16% were sold at asking, and 51% were sold over asking.
Days on Market for Penn Hills Township, PA
How long does it take to sell a home in Penn Hills Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 45 Days | -3.6% |
Summary: Homes in Penn Hills Township had an average of 45 days on market in Apr 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penn Hills Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 55 homes were sold in Penn Hills Township; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.