Is Centerville, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centerville is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Centerville, PA

How much do homes in Centerville, PA cost?

Median Sold Price

$145,500

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,500(+16.4%)

Key Takeaway

Homes in Centerville have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in Centerville was $145,500 in September 2024, up 16.4% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $109K$116.7K
+7.1%
3 $132K$146.2K
+10.8%
4 $70K$282K
+302.9%
5+ -$495K
N/A

Summary: Centerville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 302.9%, and 5+ bedroom homes did not change.

Housing Supply in Centerville, PA

How many homes are available in Centerville, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1720+17.6%

Summary: The Centerville real estate market had 20 homes for sale in September 2024, a 17.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1214
+16.7%
4 22
0.0%
5+ 11
0.0%

Summary: The Centerville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centerville, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Centerville in September 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Centerville, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
43 Days21 Days-49.4%

Summary: Homes in Centerville had an average of 21 days on market in Sep 2024, down by 49.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Centerville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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