Is Bella Vista, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bella Vista was a Seller's Market.
Key Takeaway
Bella Vista is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bella Vista, PA
How much do homes in Bella Vista, PA cost?
Median Sold Price
$518,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bella Vista have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Bella Vista was $518,000 in May 2024, down 1.3% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $303.5K | $365K | +20.2% |
| 2 Bedrooms | $455K | $412K | -9.5% |
| 3 Bedrooms | $463.4K | $650K | +40.3% |
| 4 Bedrooms | $686K | $900K | +31.2% |
| 5+ Bedrooms | $1.1M | $566.2K | -49.2% |
Summary: Bella Vista housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 40.3%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes decreased by 49.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Queen Village | $552.5K | $600K | +8.6% |
| Society Hill | $567.1K | $580K | +2.3% |
| Bella Vista | $525K | $518K | -1.3% |
| Washington Square West | $492.5K | $467.5K | -5.1% |
| Hawthorne | $550K | $483.2K | -12.1% |
Housing Supply in Bella Vista, PA
How many homes are available in Bella Vista, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 58 | +23.4% |
Summary: The Bella Vista real estate market had 58 homes for sale in May 2024, a 23.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bella Vista housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bella Vista, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bella Vista in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bella Vista, PA
How long does it take to sell a home in Bella Vista, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 26 Days | -22.3% |
Summary: Homes in Bella Vista had an average of 26 days on market in May 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bella Vista are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Bella Vista; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
