Is Dormont, 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, Dormont was a Seller's Market.
Housing Prices in Dormont, PA
How much do homes in Dormont, PA cost?
Median Sold Price
$267,600
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Dormont was $267,600 in March 2024, up 4.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $167.5K | $169K | +0.9% |
3 Bedrooms | $226K | $241.5K | +6.9% |
4 Bedrooms | $305K | $322.5K | +5.7% |
5+ Bedrooms | $353.4K | $327.5K | -7.3% |
Summary: Dormont 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 0.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Pittsburgh | $225.1K | $239.9K | +6.6% |
Dormont | $255K | $267.6K | +4.9% |
Mount Lebanon Township | $366K | $377.8K | +3.2% |
Housing Supply in Dormont, PA
How many homes are available in Dormont, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 31 | +47.6% |
Summary: The Dormont real estate market had 31 homes for sale in March 2024, a 47.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 14 | 22 | +57.1% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Dormont 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 increased by 100%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Dormont in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Dormont, PA
How long does it take to sell a home in Dormont, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 116 Days | +36.1% |
Summary: Homes in Dormont had an average of 116 days on market in Mar 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Dormont; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.