Is Banksville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Banksville has remained a Seller's Market.
Key Takeaway
Banksville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Banksville, PA
How much do homes in Banksville, PA cost?
Median Sold Price
$240,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Banksville have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Banksville was $240,000 in April 2024, up 6.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129K | - | N/A |
| 2 Bedrooms | $145.2K | $225K | +55.0% |
| 3 Bedrooms | $239.9K | $245K | +2.1% |
| 4 Bedrooms | $282K | $320K | +13.5% |
| 5+ Bedrooms | $270.2K | $345K | +27.7% |
Summary: Banksville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Banksville | $225K | $240K | +6.7% |
| Beechview | $165K | $175K | +6.1% |
| West District | $177.8K | $185.2K | +4.2% |
Housing Supply in Banksville, PA
How many homes are available in Banksville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Banksville real estate market had 15 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Banksville housing inventory by bedroom type for April 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 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Banksville, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Banksville in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Banksville, PA
How long does it take to sell a home in Banksville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 23 Days | -51.1% |
Summary: Homes in Banksville had an average of 23 days on market in Apr 2024, down by 51.1% compared to last year.
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
Key Takeaway
Many homes in Banksville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Banksville; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
