Is Burgettstown, 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, Burgettstown has remained a Seller's Market.
Key Takeaway
Burgettstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burgettstown, PA
How much do homes in Burgettstown, PA cost?
Median Sold Price
$210,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Burgettstown have sold for 41.2% more than they did a year ago.
Summary: The median home sold price in Burgettstown was $210,000 in March 2024, up 41.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $143.5K | $150K | +4.5% |
| 3 Bedrooms | $133.5K | $228K | +70.8% |
| 4 Bedrooms | $286K | $165K | -42.3% |
| 5+ Bedrooms | $85K | $338.4K | +298.2% |
Summary: Burgettstown 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 increased by 4.5%, 3 bedroom homes increased by 70.8%, 4 bedroom homes decreased by 42.3%, and 5+ bedroom homes increased by 298.2%.
Median Sold Price Compared To Nearby Cities
| Burgettstown | $148.7K | $210K | +41.2% |
| Smith Township | $152K | $172.5K | +13.5% |
Housing Supply in Burgettstown, PA
How many homes are available in Burgettstown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 29 | +26.1% |
Summary: The Burgettstown real estate market had 29 homes for sale in March 2024, a 26.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Burgettstown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Burgettstown, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Burgettstown in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Burgettstown, PA
How long does it take to sell a home in Burgettstown, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 90 Days | +101.5% |
Summary: Homes in Burgettstown had an average of 90 days on market in Mar 2024, up by 101.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Burgettstown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Burgettstown; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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