Is Armstrong County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Armstrong County has remained a Seller's Market.
Key Takeaway
Armstrong County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Armstrong County, PA
How much do homes in Armstrong County, PA cost?
Median Sold Price
$155,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Armstrong County have sold for 10% more than they did a year ago.
Summary: The median home sold price in Armstrong County was $155,000 in March 2024, up 10% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $41K | -36.9% |
| 2 Bedrooms | $91K | $96K | +5.5% |
| 3 Bedrooms | $155K | $168.2K | +8.5% |
| 4 Bedrooms | $186.6K | $174.3K | -6.6% |
| 5+ Bedrooms | $186K | $297K | +59.7% |
Summary: Armstrong County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 59.7%.
Median Sold Price Compared To Nearby Counties
| Armstrong County | $140.9K | $155K | +10.0% |
| Indiana County | $141.6K | $155K | +9.4% |
| Butler County | $308.8K | $331.3K | +7.3% |
Housing Supply in Armstrong County, PA
How many homes are available in Armstrong County, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 145 | 147 | +1.4% |
Summary: The Armstrong County real estate market had 147 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 79 | 85 | +7.6% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Armstrong County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Armstrong County, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Armstrong County in March 2024, down by 8.8% month-over-month. Of the 31 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for Armstrong County, PA
How long does it take to sell a home in Armstrong County, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 85 Days | 87 Days | +2.7% |
Summary: Homes in Armstrong County had an average of 87 days on market in Mar 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Armstrong County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 31 homes were sold in Armstrong County; 32% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
