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 May 2021

At the same time last year, Allegheny Township was a Buyer's Market.

Key Takeaway

Allegheny Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Allegheny Township, PA cost?

Median Sold Price

$199,500

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

-$12,500(-5.9%)

Key Takeaway

Homes in Allegheny Township have sold for 5.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $69.9K$126.3K
+80.6%
3 $170.7K$186.7K
+9.4%
4 $293.7K$365K
+24.3%
5+ $266.5K-
N/A

Median Sold Price Compared To Nearby Cities

Leechburg
+20.0%
Allegheny Township
-5.9%

How many homes are available in Allegheny Township, PA?

Number of Homes For Sale

Apr 2022May 2022%
2124+14.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 55
0.0%
3 1013
+30.0%
4 55
0.0%
5+ 11
0.0%

Number of Homes Sold

Apr 2022May 2022%
550.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allegheny Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
57 Days38 Days-32.6%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Allegheny Township are selling fast, if you're buying plan to act quickly.

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

About Allegheny Township, PA

Allegheny Township, PA has 24 homes for sale to choose from. In May 2022 in Allegheny Township, PA there were 14.3% more homes for sale than in April 2022. The median list price of listings available in May 2022 was $199,500, while the average time on the real estate market was 38 days. Real estate listing prices changed between April 2022 and May 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 80.6%, 3 bedrooms properties prices increased by 9.4%, prices of 4 bedrooms properties went up by 24.3%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went up by 30%, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes remained the same. While more than 3 listings in Allegheny Township, PA in May 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below.

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