Is Allegheny 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, Allegheny Township has remained a Seller's Market.
Key Takeaway
Allegheny Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allegheny Township, PA
How much do homes in Allegheny Township, PA cost?
Median Sold Price
$215,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Allegheny Township have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Allegheny Township was $215,000 in April 2024, up 6.8% 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 | - | $149K | N/A |
| 2 Bedrooms | $140K | $166K | +18.6% |
| 3 Bedrooms | $210K | $215K | +2.4% |
| 4 Bedrooms | $336K | $344K | +2.4% |
| 5+ Bedrooms | $1.0M | $122.7K | -88.3% |
Summary: Allegheny 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 increased by 18.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 88.3%.
Median Sold Price Compared To Nearby Cities
| Leechburg | $130K | $152.5K | +17.3% |
| Leechburg | $139.9K | $155K | +10.8% |
| Allegheny Township | $201.2K | $215K | +6.8% |
Housing Supply in Allegheny Township, PA
How many homes are available in Allegheny Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Summary: The Allegheny Township real estate market had 19 homes for sale in April 2024, a 46.2% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Allegheny Township 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 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Allegheny Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Allegheny Township in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Allegheny Township, PA
How long does it take to sell a home in Allegheny Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 33 Days | -32.0% |
Summary: Homes in Allegheny Township had an average of 33 days on market in Apr 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allegheny Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Allegheny Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
