Is Connellsville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Connellsville was a Seller's Market.
Key Takeaway
Connellsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Connellsville, PA
How much do homes in Connellsville, PA cost?
Median Sold Price
$149,900
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Connellsville have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Connellsville was $149,900 in March 2024, up 6.3% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $69.5K | +54.4% |
| 2 Bedrooms | $119.7K | $115K | -4.0% |
| 3 Bedrooms | $144.5K | $149.9K | +3.7% |
| 4 Bedrooms | $139K | $172.5K | +24.1% |
| 5+ Bedrooms | $115K | $234.5K | +103.9% |
Summary: Connellsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.4%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 103.9%.
Median Sold Price Compared To Nearby Cities
| Connellsville | $140.9K | $149.9K | +6.3% |
| Connellsville Township | $160K | $149.9K | -6.3% |
| Dunbar Township | $165K | $154.2K | -6.5% |
Housing Supply in Connellsville, PA
How many homes are available in Connellsville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Connellsville real estate market had 50 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Connellsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Connellsville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Connellsville in March 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Connellsville, PA
How long does it take to sell a home in Connellsville, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 106 Days | 160 Days | +50.0% |
Summary: Homes in Connellsville had an average of 160 days on market in Mar 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Connellsville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Connellsville; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
