Is Imperial, 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, Imperial has remained a Seller's Market.
Key Takeaway
Imperial is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Imperial, PA
How much do homes in Imperial, PA cost?
Median Sold Price
$329,495
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Imperial have sold for 31.8% more than they did a year ago.
Summary: The median home sold price in Imperial was $329,495 in April 2024, up 31.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $160K | $177.7K | +11.1% |
| 3 Bedrooms | $255K | $305K | +19.6% |
| 4 Bedrooms | $400K | $412K | +3.0% |
| 5+ Bedrooms | $550K | $495K | -10.0% |
Summary: Imperial 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 increased by 11.1%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Imperial | $250K | $329.4K | +31.8% |
| Findlay Township | $305.5K | $375.9K | +23.1% |
| North Fayette Township | $251K | $285K | +13.5% |
Housing Supply in Imperial, PA
How many homes are available in Imperial, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 30 | +57.9% |
Summary: The Imperial real estate market had 30 homes for sale in April 2024, a 57.9% 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 | 6 | +200.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 5 | 11 | +120.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Imperial 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 increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 120%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 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 Imperial, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Imperial in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Imperial, PA
How long does it take to sell a home in Imperial, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +46.3% |
Summary: Homes in Imperial had an average of 30 days on market in Apr 2024, up by 46.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Imperial are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Imperial; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
