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 neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Allison Park was a Seller's Market.

Key Takeaway

Allison Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Allison Park, PA

How much do homes in Allison Park, PA cost?

Median Sold Price

$335,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,100(+3.1%)

Key Takeaway

Homes in Allison Park have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Allison Park was $335,000 in February 2024, up 3.1% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $220K$282.4K
+28.4%
3 $286K$297.4K
+4.0%
4 $445K$420.8K
-5.4%
5+ $640K$544K
-15.0%

Summary: Allison Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Cities

Hampton Township
+5.1%
McCandless Township
+4.5%
Gibsonia
+3.2%
Allison Park
+3.1%
Glenshaw
-2.0%

Housing Supply in Allison Park, PA

How many homes are available in Allison Park, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5256+7.7%

Summary: The Allison Park real estate market had 56 homes for sale in February 2024, a 7.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 2526
+4.0%
4 1520
+33.3%
5+ 55
0.0%

Summary: The Allison Park housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allison Park, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Allison Park in February 2024, down by 42.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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

Feb 2023Feb 2024CHANGE
57 Days37 Days-35.6%

Summary: Homes in Allison Park had an average of 37 days on market in Feb 2024, down by 35.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 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 February 2024, 8 homes were sold in Allison Park; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in Allison Park, PA

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