Is Greensburg, 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, Greensburg has remained a Seller's Market.
Key Takeaway
Greensburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greensburg, PA
How much do homes in Greensburg, PA cost?
Median Sold Price
$232,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greensburg have sold for 32% more than they did a year ago.
Summary: The median home sold price in Greensburg was $232,950 in March 2024, up 32% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $71K | N/A |
| 2 Bedrooms | $135K | $155K | +14.8% |
| 3 Bedrooms | $182.5K | $225K | +23.3% |
| 4 Bedrooms | $225K | $325K | +44.4% |
| 5+ Bedrooms | $290K | $335K | +15.5% |
Summary: Greensburg 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 14.8%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Greensburg | $176.5K | $232.9K | +32.0% |
| Hempfield Township | $239.9K | $248K | +3.4% |
Housing Supply in Greensburg, PA
How many homes are available in Greensburg, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 161 | 156 | -3.1% |
Summary: The Greensburg real estate market had 156 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 22 | -15.4% |
| 3 Bedrooms | 69 | 77 | +11.6% |
| 4 Bedrooms | 42 | 35 | -16.7% |
| 5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Greensburg 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 15.4%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 55 | +52.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensburg, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Greensburg in March 2024, up by 52.8% month-over-month. Of the 55 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 49 Days | +9.9% |
Summary: Homes in Greensburg had an average of 49 days on market in Mar 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greensburg are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 55 homes were sold in Greensburg; 51% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
