Is Homestead, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Homestead was a Neutral Market.
Key Takeaway
Homestead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Homestead, PA
How much do homes in Homestead, PA cost?
Median Sold Price
$150,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Homestead have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in Homestead was $150,500 in March 2024, up 21.4% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $52.5K | N/A |
| 2 Bedrooms | $53K | $121.5K | +129.1% |
| 3 Bedrooms | $145K | $169.4K | +16.8% |
| 4 Bedrooms | $212.4K | $213K | 0.3% |
| 5+ Bedrooms | $117.4K | $130K | +10.7% |
Summary: Homestead 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 129.1%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Homestead | $124K | $150.5K | +21.4% |
| Munhall | $141.1K | $162.5K | +15.2% |
| Pittsburgh | $225.1K | $239.9K | +6.6% |
Housing Supply in Homestead, PA
How many homes are available in Homestead, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 | 69 | +3.0% |
Summary: The Homestead real estate market had 69 homes for sale in March 2024, a 3.0% increase 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 | 24 | 29 | +20.8% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Homestead 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 increased by 20.8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Homestead in March 2024, up by 41.7% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% were sold over asking.
Days on Market for Homestead, PA
How long does it take to sell a home in Homestead, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 65 Days | +33.6% |
Summary: Homes in Homestead had an average of 65 days on market in Mar 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homestead are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Homestead; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% 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.