Is Gibsonia, 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, Gibsonia has remained a Seller's Market.
Key Takeaway
Gibsonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gibsonia, PA
How much do homes in Gibsonia, PA cost?
Median Sold Price
$415,750
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gibsonia have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Gibsonia was $415,750 in March 2024, up 2.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $206K | $235K | +14.1% |
| 3 Bedrooms | $310K | $344.7K | +11.2% |
| 4 Bedrooms | $549.9K | $579K | +5.3% |
| 5+ Bedrooms | $965K | $920K | -4.7% |
Summary: Gibsonia 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 14.1%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Gibsonia | $405K | $415.7K | +2.7% |
| Valencia | $516.5K | $482K | -6.7% |
| Richland Township | $360.7K | $330K | -8.5% |
Housing Supply in Gibsonia, PA
How many homes are available in Gibsonia, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 83 | +7.8% |
Summary: The Gibsonia real estate market had 83 homes for sale in March 2024, a 7.8% 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 37 | 34 | -8.1% |
| 4 Bedrooms | 15 | 22 | +46.7% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Gibsonia 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 decreased by 8.1%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibsonia, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Gibsonia in March 2024, down by 10.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for Gibsonia, PA
How long does it take to sell a home in Gibsonia, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 43 Days | -32.4% |
Summary: Homes in Gibsonia had an average of 43 days on market in Mar 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gibsonia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Gibsonia; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.