Is Indiana County, 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, Indiana County was a Seller's Market.
Key Takeaway
Indiana County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indiana County, PA
How much do homes in Indiana County, PA cost?
Median Sold Price
$155,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Indiana County have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Indiana County was $155,000 in March 2024, up 9.4% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51.4K | $24.5K | -52.4% |
| 2 Bedrooms | $100K | $110K | +10.0% |
| 3 Bedrooms | $149K | $154.9K | +4.0% |
| 4 Bedrooms | $175K | $257K | +46.9% |
| 5+ Bedrooms | $230K | $156.7K | -31.9% |
Summary: Indiana County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 46.9%, and 5+ bedroom homes decreased by 31.9%.
Median Sold Price Compared To Nearby Counties
| Armstrong County | $140.9K | $155K | +10.0% |
| Indiana County | $141.6K | $155K | +9.4% |
| Westmoreland County | $192.3K | $201.8K | +5.0% |
Housing Supply in Indiana County, PA
How many homes are available in Indiana County, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 153 | 168 | +9.8% |
Summary: The Indiana County real estate market had 168 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 87 | 103 | +18.4% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Indiana County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indiana County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Indiana County in March 2024, down by 20.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Indiana County, PA
How long does it take to sell a home in Indiana County, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 88 Days | 57 Days | -35.1% |
Summary: Homes in Indiana County had an average of 57 days on market in Mar 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indiana County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Indiana County; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% 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.