Is Greensburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Greensburg has remained a Seller's Market.
Housing Prices in Greensburg, PA
How much do homes in Greensburg, PA cost?
Median Sold Price
$234,716
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Greensburg was $234,716 in February 2024, up 34.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $71K | N/A |
2 Bedrooms | $135K | $154K | +14.1% |
3 Bedrooms | $176.7K | $225K | +27.3% |
4 Bedrooms | $214.4K | $320K | +49.3% |
5+ Bedrooms | $290K | $324.9K | +12.0% |
Summary: Greensburg housing prices by bedroom type for February 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 27.3%, 4 bedroom homes increased by 49.3%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
Greensburg | $175K | $234.7K | +34.1% |
Hempfield Township | $239.9K | $247.1K | +3.0% |
Housing Supply in Greensburg, PA
How many homes are available in Greensburg, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
155 | 165 | +6.5% |
Summary: The Greensburg real estate market had 165 homes for sale in February 2024, a 6.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 30 | 28 | -6.7% |
3 Bedrooms | 62 | 71 | +14.5% |
4 Bedrooms | 39 | 39 | 0.0% |
5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Greensburg 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 decreased by 6.7%, 3 bedroom homes increased by 14.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 36 | +20.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Greensburg in February 2024, up by 20.0% month-over-month. Of the 36 sold homes, 64% were sold under asking, 25% were sold at asking, and 11% were sold over asking.
Days on Market for Greensburg, PA
How long does it take to sell a home in Greensburg, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
64 Days | 46 Days | -27.3% |
Summary: Homes in Greensburg had an average of 46 days on market in Feb 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 36 homes were sold in Greensburg; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.