Is Bethel Park, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$284,166
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bethel Park have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Bethel Park was $284,166 in June 2024, up 7.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $128K | +6.7% |
| 2 Bedrooms | $175K | $200K | +14.3% |
| 3 Bedrooms | $251.3K | $266K | +5.8% |
| 4 Bedrooms | $351.5K | $379K | +7.8% |
| 5+ Bedrooms | $350K | $399K | +14.0% |
Summary: Bethel Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Upper Saint Clair Township | $402K | $464.5K | +15.5% |
| Bethel Park | $264.2K | $284.1K | +7.5% |
| Castle Shannon | $186K | $195K | +4.8% |
| South Park Township | $255K | $255K | 0.0% |
| South Park | $265K | $252.4K | -4.7% |
Housing Supply in Bethel Park, PA
How many homes are available in Bethel Park, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 90 | 107 | +18.9% |
Summary: The Bethel Park real estate market had 107 homes for sale in June 2024, a 18.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 35 | 53 | +51.4% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Bethel Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 51.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 23 | 32 | +39.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethel Park, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Bethel Park in June 2024, up by 39.1% month-over-month. Of the 32 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 27 Days | 16 Days | -40.7% |
Summary: Homes in Bethel Park had an average of 16 days on market in Jun 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethel Park are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 32 homes were sold in Bethel Park; 84% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
