Is Greensburg, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greensburg is a seller's market

Buyer's
Market

Difference Since February 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

$234,716

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$59,716(+34.1%)

Key Takeaway

Homes in Greensburg have sold for 34.1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$71K
N/A
2 $135K$154K
+14.1%
3 $176.7K$225K
+27.3%
4 $214.4K$320K
+49.3%
5+ $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
+34.1%
Hempfield Township
+3.0%

Housing Supply in Greensburg, PA

How many homes are available in Greensburg, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
155165+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

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 3028
-6.7%
3 6271
+14.5%
4 3939
0.0%
5+ 2426
+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 2024Feb 2024CHANGE
3036+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greensburg, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
64 Days46 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greensburg are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Greensburg, PA

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