Is Belle Vernon, 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, Belle Vernon has remained a Seller's Market.
Key Takeaway
Belle Vernon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belle Vernon, PA
How much do homes in Belle Vernon, PA cost?
Median Sold Price
$179,950
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Belle Vernon have sold for 15.3% less than they did a year ago.
Summary: The median home sold price in Belle Vernon was $179,950 in March 2024, down 15.3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.9K | - | N/A |
| 2 Bedrooms | $134K | $130K | -3.0% |
| 3 Bedrooms | $181K | $169.9K | -6.1% |
| 4 Bedrooms | $322.5K | $324.9K | +0.7% |
| 5+ Bedrooms | $397.4K | $309K | -22.3% |
Summary: Belle Vernon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 22.3%.
Median Sold Price Compared To Nearby Cities
| North Belle Vernon | $119.9K | $151K | +25.9% |
| Rostraver Township | $245K | $245K | 0.0% |
| Monessen | $105K | $102K | -2.9% |
| Belle Vernon | $212.5K | $179.9K | -15.3% |
Housing Supply in Belle Vernon, PA
How many homes are available in Belle Vernon, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 49 | -5.8% |
Summary: The Belle Vernon real estate market had 49 homes for sale in March 2024, a 5.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Belle Vernon 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 remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
8 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 Belle Vernon, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Belle Vernon in March 2024, up by 8.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Belle Vernon, PA
How long does it take to sell a home in Belle Vernon, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 78 Days | +179.8% |
Summary: Homes in Belle Vernon had an average of 78 days on market in Mar 2024, up by 179.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belle Vernon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Belle Vernon; 46% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
