Is Indiana County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indiana County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Indiana County has remained a Seller's Market.

Key Takeaway

Indiana County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Indiana County, PA cost?

Median Sold Price

$142,582

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$7,695(+5.7%)

Key Takeaway

Homes in Indiana County have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $80K$51.4K
-35.7%
2 $86.7K$100.4K
+15.8%
3 $130K$149.9K
+15.3%
4 $200K$182.5K
-8.8%
5+ $217K$194.5K
-10.4%

Median Sold Price Compared To Nearby Counties

Westmoreland County
+6.5%
Indiana County
+5.7%
Armstrong County
-3.5%

How many homes are available in Indiana County, PA?

Number of Homes For Sale

Sep 2022Oct 2022%
201204+1.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 3330
-9.1%
3 115118
+2.6%
4 4445
+2.3%
5+ 911
+22.2%

Number of Homes Sold

Sep 2022Oct 2022%
4035-12.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Oct 2021Oct 2022%
46 Days58 Days+27.8%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Indiana County has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Indiana County, PA

Indiana County, PA has 204 homes on the market. In October 2022 in Indiana County, PA there were 1.5% more homes for sale than in September 2022. While the average time on the market in October 2022 was 58 days, the median list price was $142,582. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties decreased by 35.7%, prices of 2 bedrooms properties went up by 15.8%, prices of 3 bedrooms properties went up by 15.3%, 4 bedrooms properties prices decreased by 8.8%, prices of 5 bedrooms properties went down by 10.4%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 9.1%, the quantity of 3 bedrooms homes went up by 2.6%, 4 bedrooms homes became 2.3% more available, 5 bedrooms homes became 22.2% more available. Indiana County, PA housing market in October 2022 saw over 13 listings sold above listed price, more than 1 sold at listed price and over 21 sold below.

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