Is South Side, 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, South Side has remained a Seller's Market.
Housing Prices in South Side, PA
How much do homes in South Side, PA cost?
Median Sold Price
$250,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Side was $250,000 in April 2024, up 13.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.9K | $128K | -19.9% |
2 Bedrooms | $210K | $222K | +5.7% |
3 Bedrooms | $215K | $250K | +16.3% |
4 Bedrooms | $260K | $295K | +13.5% |
5+ Bedrooms | $299.9K | $300K | 0.0% |
Summary: South Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
South Side | $220K | $250K | +13.6% |
Lehigh Parkway | $222.5K | $250K | +12.4% |
Housing Supply in South Side, PA
How many homes are available in South Side, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 67 | +6.3% |
Summary: The South Side real estate market had 67 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 33 | 43 | +30.3% |
4 Bedrooms | 17 | 13 | -23.5% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The South Side 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 decreased by 14.3%, 3 bedroom homes increased by 30.3%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in South Side in April 2024, up by 5.0% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for South Side, PA
How long does it take to sell a home in South Side, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 18 Days | +61.6% |
Summary: Homes in South Side had an average of 18 days on market in Apr 2024, up by 61.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in South Side; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.