Is Jeannette, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Jeannette has remained a Seller's Market.
Housing Prices in Jeannette, PA
How much do homes in Jeannette, PA cost?
Median Sold Price
$155,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jeannette was $155,000 in March 2024, up 22.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $69K | +72.5% |
2 Bedrooms | $70K | $102.4K | +46.4% |
3 Bedrooms | $134.2K | $163K | +21.4% |
4 Bedrooms | $141.5K | $287.5K | +103.2% |
5+ Bedrooms | $140K | $586K | +318.6% |
Summary: Jeannette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.5%, 2 bedroom homes increased by 46.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 103.2%, and 5+ bedroom homes increased by 318.6%.
Median Sold Price Compared To Nearby Cities
Jeannette | $126.5K | $155K | +22.5% |
Hempfield Township | $239.9K | $248K | +3.4% |
Penn Township | $289K | $285K | -1.4% |
Housing Supply in Jeannette, PA
How many homes are available in Jeannette, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 85 | +9.0% |
Summary: The Jeannette real estate market had 85 homes for sale in March 2024, a 9.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 44 | 50 | +13.6% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Jeannette housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 19 | +171.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Jeannette in March 2024, up by 171.4% month-over-month. Of the 19 sold homes, 47% were sold under asking, 11% were sold at asking, and 42% were sold over asking.
Days on Market for Jeannette, PA
How long does it take to sell a home in Jeannette, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 70 Days | +24.1% |
Summary: Homes in Jeannette had an average of 70 days on market in Mar 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Jeannette; 32% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.