Is Bethel Park, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bethel Park is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Bethel Park has remained a Seller's Market.

Key Takeaway

Bethel Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bethel Park, PA

How much do homes in Bethel Park, PA cost?

Median Sold Price

$279,983

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,333(+5.8%)

Key Takeaway

Homes in Bethel Park have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Bethel Park was $279,983 in May 2024, up 5.8% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $120K$128K
+6.7%
2 $174K$199.5K
+14.7%
3 $251.3K$265K
+5.4%
4 $353.5K$374.9K
+6.1%
5+ $350K$399K
+14.0%

Summary: Bethel Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 14%.

Median Sold Price Compared To Nearby Cities

Upper Saint Clair Township
+12.3%
Bethel Park
+5.8%
Castle Shannon
+5.4%
South Park Township
+1.5%
South Park
-3.3%

Housing Supply in Bethel Park, PA

How many homes are available in Bethel Park, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6793+38.8%

Summary: The Bethel Park real estate market had 93 homes for sale in May 2024, a 38.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1312
-7.7%
3 2736
+33.3%
4 2137
+76.2%
5+ 68
+33.3%

Summary: The Bethel Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 76.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bethel Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Bethel Park in May 2024, up by 5.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Bethel Park, PA

How long does it take to sell a home in Bethel Park, PA?

Average Sale Time

May 2023May 2024CHANGE
34 Days43 Days+25.0%

Summary: Homes in Bethel Park had an average of 43 days on market in May 2024, up by 25% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 20 homes were sold in Bethel Park; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% 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 19 Days Ago

Newest Listings in Bethel Park, PA

Nearby Markets to Bethel Park, PA

What housing markets are near Bethel Park, PA?