Is Homewood, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Homewood has remained a Buyer's Market.
Housing Prices in Homewood, PA
How much do homes in Homewood, PA cost?
Median Sold Price
$50,000
$32/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Homewood was $50,000 in April 2024, down 33.3% from last year, and the median price per square foot was $32.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $101K | $90K | -10.9% |
3 Bedrooms | $37.5K | $64K | +70.7% |
4 Bedrooms | $85K | $25K | -70.6% |
5+ Bedrooms | $81.2K | $40K | -50.8% |
Summary: Homewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 70.7%, 4 bedroom homes decreased by 70.6%, and 5+ bedroom homes decreased by 50.8%.
Housing Supply in Homewood, PA
How many homes are available in Homewood, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Summary: The Homewood real estate market had 16 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Homewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Homewood in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Homewood, PA
How long does it take to sell a home in Homewood, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 103 Days | +1616.7% |
Summary: Homes in Homewood had an average of 103 days on market in Apr 2024, up by 1616.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Homewood; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.