Is Ellwood City, 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, Ellwood City has remained a Seller's Market.
Housing Prices in Ellwood City, PA
How much do homes in Ellwood City, PA cost?
Median Sold Price
$163,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ellwood City was $163,000 in March 2024, up 19.4% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $15K | $96K | +540.0% |
2 Bedrooms | $120K | $160K | +33.3% |
3 Bedrooms | $146K | $159.9K | +9.6% |
4 Bedrooms | $151.2K | $181K | +19.6% |
5+ Bedrooms | $148K | $422.5K | +185.5% |
Summary: Ellwood City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 540%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 185.5%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $683K | $860K | +25.9% |
Ellwood City | $136.5K | $163K | +19.4% |
Housing Supply in Ellwood City, PA
How many homes are available in Ellwood City, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 66 | +8.2% |
Summary: The Ellwood City real estate market had 66 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 32 | 37 | +15.6% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ellwood City 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 decreased by 6.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 15 | +114.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Ellwood City in March 2024, up by 114.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Ellwood City, PA
How long does it take to sell a home in Ellwood City, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 60 Days | -25.1% |
Summary: Homes in Ellwood City had an average of 60 days on market in Mar 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Ellwood City; 33% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.