Is Homestead, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Homestead has remained a Seller's 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
$147,500
$127/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Homestead have sold for 9.3% more than they did a month ago.
Summary: The median home sold price in Homestead was $147,500 in April 2024, up 9.3% from last month, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.5K | - | N/A |
| 2 Bedrooms | $104K | $127.5K | +22.6% |
| 3 Bedrooms | $151.5K | $150.5K | -0.7% |
| 4 Bedrooms | $252.5K | $222.4K | -11.9% |
| 5+ Bedrooms | $229.5K | - | N/A |
Summary: Homestead housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes did not change.
Housing Supply in Homestead, PA
How many homes are available in Homestead, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 76 | +13.4% |
Summary: The Homestead real estate market had 76 homes for sale in April 2024, a 13.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 27 | 32 | +18.5% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Homestead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Homestead in April 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 72 Days | +11.2% |
Summary: Homes in Homestead had an average of 72 days on market in Apr 2024, up by 11.2% compared to last month.
Breakdown of Home Sale Times
8 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 April 2024, 16 homes were sold in Homestead; 50% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 31% 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.