Is Kittanning Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kittanning Township was a Buyer's Market.
Key Takeaway
Kittanning Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kittanning Township, PA
How much do homes in Kittanning Township, PA cost?
Median Sold Price
$162,500
$140/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Kittanning Township have sold for 11.1% more than they did a month ago.
Summary: The median home sold price in Kittanning Township was $162,500 in March 2024, up 11.1% from last month, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.4K | $127.5K | -11.7% |
| 3 Bedrooms | $146.2K | $189K | +29.3% |
| 4 Bedrooms | - | $306K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Kittanning Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 29.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kittanning Township | $146.2K | $162.5K | +11.1% |
| Bethel Township | $245K | $210K | -14.3% |
Housing Supply in Kittanning Township, PA
How many homes are available in Kittanning Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The Kittanning Township 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 Township 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 Township, 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 Township 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 Township, PA
How long does it take to sell a home in Kittanning Township, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 120 Days | +211.0% |
Summary: Homes in Kittanning Township had an average of 120 days on market in Mar 2024, up by 211% compared to last month.
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 Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Kittanning Township; 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.
