Is South Beaver Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Beaver Township was a Neutral Market.
Housing Prices in South Beaver Township, PA
How much do homes in South Beaver Township, PA cost?
Median Sold Price
$275,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Beaver Township was $275,000 in May 2024, up 24.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175.5K | $190K | +8.3% |
3 Bedrooms | $200K | $275K | +37.5% |
4 Bedrooms | $265K | $305K | +15.1% |
5+ Bedrooms | $465K | $445K | -4.3% |
Summary: South Beaver Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
South Beaver Township | $221.2K | $275K | +24.3% |
Chippewa Township | $256.5K | $273K | +6.4% |
Negley | $334.7K | $249.5K | -25.5% |
Housing Supply in South Beaver Township, PA
How many homes are available in South Beaver Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Summary: The South Beaver Township real estate market had 9 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Beaver Township 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 decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in South Beaver Township in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for South Beaver Township, PA
How long does it take to sell a home in South Beaver Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 26 Days | -23.8% |
Summary: Homes in South Beaver Township had an average of 26 days on market in May 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in South Beaver Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.