Is Allison Park, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allison Park is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Allison Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Allison Park, PA

How much do homes in Allison Park, PA cost?

Median Sold Price

$360,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$19,000(+5.6%)

Key Takeaway

Homes in Allison Park have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Allison Park was $360,000 in September 2024, up 5.6% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $225K$292.5K
+30.0%
3 $293K$316.7K
+8.1%
4 $420.8K$490K
+16.4%
5+ $573K$522.4K
-8.8%

Summary: Allison Park 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 increased by 30%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Cities

Glenshaw
+9.4%
Hampton Township
+6.3%
Allison Park
+5.6%
McCandless Township
+2.8%
Gibsonia
+0.6%

Housing Supply in Allison Park, PA

How many homes are available in Allison Park, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
69690.0%

Summary: The Allison Park real estate market had 69 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 3134
+9.7%
4 2119
-9.5%
5+ 76
-14.3%

Summary: The Allison Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2019-5.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allison Park, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Allison Park in September 2024, down by 5.0% month-over-month. Of the 19 sold homes, 47% were sold under asking, 0% were sold at asking, and 53% were sold over asking.

Days on Market for Allison Park, PA

How long does it take to sell a home in Allison Park, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
33 Days23 Days-29.4%

Summary: Homes in Allison Park had an average of 23 days on market in Sep 2024, down by 29.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 19 homes were sold in Allison Park; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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