Is Central Business District / Downtown / Golden Triangle, 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, Central Business District / Downtown / Golden Triangle has remained a Buyer's Market.
Key Takeaway
Central Business District / Downtown / Golden Triangle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Business District / Downtown / Golden Triangle, PA
How much do homes in Central Business District / Downtown / Golden Triangle, PA cost?
Median Sold Price
$370,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Central Business District / Downtown / Golden Triangle have sold for 42.3% more than they did a year ago.
Summary: The median home sold price in Central Business District / Downtown / Golden Triangle was $370,000 in March 2024, up 42.3% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223.4K | $239K | +7.0% |
| 2 Bedrooms | $428K | $470K | +9.8% |
| 3 Bedrooms | $712.5K | $950K | +33.3% |
| 4 Bedrooms | $1.6M | $2.1M | +34.4% |
| 5+ Bedrooms | $765K | - | N/A |
Summary: Central Business District / Downtown / Golden Triangle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Central Business District / Downtown / Golden Triangle | $260K | $370K | +42.3% |
| Strip District | $463.5K | $582.5K | +25.7% |
Housing Supply in Central Business District / Downtown / Golden Triangle, PA
How many homes are available in Central Business District / Downtown / Golden Triangle, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 78 | +14.7% |
Summary: The Central Business District / Downtown / Golden Triangle real estate market had 78 homes for sale in March 2024, a 14.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 24 | +14.3% |
| 2 Bedrooms | 37 | 44 | +18.9% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Central Business District / Downtown / Golden Triangle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 18.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Business District / Downtown / Golden Triangle, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Central Business District / Downtown / Golden Triangle in March 2024, up by 600.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Central Business District / Downtown / Golden Triangle, PA
How long does it take to sell a home in Central Business District / Downtown / Golden Triangle, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 153 Days | +193.1% |
Summary: Homes in Central Business District / Downtown / Golden Triangle had an average of 153 days on market in Mar 2024, up by 193.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Central Business District / Downtown / Golden Triangle are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Central Business District / Downtown / Golden Triangle; 14% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 71% of homes were sold over 90 days.
