Is Belle Vernon, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belle Vernon is a seller's market

Buyer's
Market

Difference Since February 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

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$20,050(-10.0%)

Key Takeaway

Homes in Belle Vernon have sold for 10% less than they did a year ago.

Summary: The median home sold price in Belle Vernon was $179,950 in February 2024, down 10% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $49.9K-
N/A
2 $133K$130K
-2.3%
3 $178.9K$165.2K
-7.7%
4 $320K$306.5K
-4.2%
5+ $397.4K$430K
+8.2%

Summary: Belle Vernon 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 decreased by 2.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Cities

Rostraver Township
-1.0%
Belle Vernon
-10.0%

Housing Supply in Belle Vernon, PA

How many homes are available in Belle Vernon, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4550+11.1%

Summary: The Belle Vernon real estate market had 50 homes for sale in February 2024, a 11.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 1924
+26.3%
4 1414
0.0%
5+ 22
0.0%

Summary: The Belle Vernon 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 remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belle Vernon, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Belle Vernon in February 2024, up by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Feb 2023Feb 2024CHANGE
53 Days32 Days-38.2%

Summary: Homes in Belle Vernon had an average of 32 days on market in Feb 2024, down by 38.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belle Vernon are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 12 homes were sold in Belle Vernon; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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 18 Days Ago

Newest Listings in Belle Vernon, PA

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