Is Kittanning, 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, Kittanning has remained a Seller's Market.
Key Takeaway
Kittanning is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kittanning, PA
How much do homes in Kittanning, PA cost?
Median Sold Price
$165,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kittanning have sold for 37.5% more than they did a year ago.
Summary: The median home sold price in Kittanning was $165,000 in March 2024, up 37.5% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36K | - | N/A |
| 2 Bedrooms | $101.5K | $130K | +28.1% |
| 3 Bedrooms | $130K | $187K | +43.8% |
| 4 Bedrooms | $123.5K | $195K | +57.9% |
| 5+ Bedrooms | - | $245.5K | N/A |
Summary: Kittanning housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 57.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Manor Township | $139.1K | $221.5K | +59.2% |
| Kittanning | $120K | $165K | +37.5% |
| Rayburn Township | $114.9K | $148.7K | +29.4% |
| East Franklin Township | $220K | $191.5K | -13.0% |
Housing Supply in Kittanning, PA
How many homes are available in Kittanning, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The Kittanning real estate market had 43 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Kittanning housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kittanning, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Kittanning in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Kittanning, PA
How long does it take to sell a home in Kittanning, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 120 Days | -1.8% |
Summary: Homes in Kittanning had an average of 120 days on market in Mar 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kittanning are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Kittanning; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
