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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coraopolis is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Coraopolis, PA

How much do homes in Coraopolis, PA cost?

Median Sold Price

$288,475

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$110,975(+62.5%)

Key Takeaway

Homes in Coraopolis have sold for 62.5% more than they did a year ago.

Summary: The median home sold price in Coraopolis was $288,475 in February 2024, up 62.5% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $84.2K$88.5K
+5.0%
2 $140K$150.5K
+7.5%
3 $185K$278.3K
+50.5%
4 $227K$410K
+80.6%
5+ $192K$380K
+97.9%

Summary: Coraopolis housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 50.5%, 4 bedroom homes increased by 80.6%, and 5+ bedroom homes increased by 97.9%.

Median Sold Price Compared To Nearby Cities

Coraopolis
+62.5%
Moon Township
+5.1%

Housing Supply in Coraopolis, PA

How many homes are available in Coraopolis, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8798+12.6%

Summary: The Coraopolis real estate market had 98 homes for sale in February 2024, a 12.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 915
+66.7%
3 5355
+3.8%
4 2122
+4.8%
5+ 34
+33.3%

Summary: The Coraopolis housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2324+4.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coraopolis, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Coraopolis in February 2024, up by 4.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Coraopolis, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
57 Days54 Days-4.5%

Summary: Homes in Coraopolis had an average of 54 days on market in Feb 2024, down by 4.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 24 homes were sold in Coraopolis; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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 28 Days Ago

Newest Listings in Coraopolis, PA

Nearby Markets to Coraopolis, PA

What housing markets are near Coraopolis, PA?