Is Allegheny Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allegheny Township is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Allegheny Township was a Neutral 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

$233,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$29,875(+14.7%)

Key Takeaway

Homes in Allegheny Township have sold for 14.7% more than they did a year ago.

Summary: The median home sold price in Allegheny Township was $233,000 in September 2024, up 14.7% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$137K
N/A
2 $170.4K$157K
-7.9%
3 $205K$219.9K
+7.3%
4 $335K$365K
+9.0%
5+ $122.7K-
N/A

Summary: Allegheny Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Allegheny Township
+14.7%
Leechburg
+6.0%
Leechburg
+4.7%

Housing Supply in Allegheny Township, PA

How many homes are available in Allegheny Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2322-4.3%

Summary: The Allegheny Township real estate market had 22 homes for sale in September 2024, a 4.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 1112
+9.1%
4 86
-25.0%
5+ 12
+100.0%

Summary: The Allegheny Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allegheny Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Allegheny Township in September 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
40 Days53 Days+31.1%

Summary: Homes in Allegheny Township had an average of 53 days on market in Sep 2024, up by 31.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Allegheny Township has remained consistent over time.

Summary: During September 2024, 6 homes were sold in Allegheny Township; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Allegheny Township, PA

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What housing markets are near Allegheny Township, PA?