Is Ford 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, Ford City has remained a Seller's Market.
Key Takeaway
Ford City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ford City, PA
How much do homes in Ford City, PA cost?
Median Sold Price
$138,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ford City have sold for 112.3% more than they did a year ago.
Summary: The median home sold price in Ford City was $138,000 in March 2024, up 112.3% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $22K | N/A |
| 2 Bedrooms | $59.5K | $55.5K | -6.7% |
| 3 Bedrooms | $87.8K | $187K | +112.8% |
| 4 Bedrooms | $26.2K | $176.5K | +572.4% |
| 5+ Bedrooms | $78.9K | $207K | +162.2% |
Summary: Ford City 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 decreased by 6.7%, 3 bedroom homes increased by 112.8%, 4 bedroom homes increased by 572.4%, and 5+ bedroom homes increased by 162.2%.
Median Sold Price Compared To Nearby Cities
| Ford City | $65K | $138K | +112.3% |
| Manor Township | $139.1K | $221.5K | +59.2% |
| North Buffalo Township | $188.3K | $195K | +3.5% |
Housing Supply in Ford City, PA
How many homes are available in Ford City, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The Ford City real estate market had 24 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ford City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ford City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Ford City in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Ford City, PA
How long does it take to sell a home in Ford City, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 133 Days | 58 Days | -56.1% |
Summary: Homes in Ford City had an average of 58 days on market in Mar 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ford City has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Ford City; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
