Is Latrobe, 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, Latrobe has remained a Seller's Market.
Key Takeaway
Latrobe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Latrobe, PA
How much do homes in Latrobe, PA cost?
Median Sold Price
$199,730
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Latrobe have sold for 28% more than they did a year ago.
Summary: The median home sold price in Latrobe was $199,730 in March 2024, up 28% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.4K | $147K | +68.1% |
| 2 Bedrooms | $128.2K | $140K | +9.2% |
| 3 Bedrooms | $160K | $206.2K | +28.9% |
| 4 Bedrooms | $249K | $297.2K | +19.4% |
| 5+ Bedrooms | $429.2K | $165.5K | -61.4% |
Summary: Latrobe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 61.4%.
Median Sold Price Compared To Nearby Cities
| Latrobe | $156K | $199.7K | +28.0% |
| Unity Township | $276.6K | $300K | +8.4% |
| Derry Township | $182.5K | $175K | -4.1% |
Housing Supply in Latrobe, PA
How many homes are available in Latrobe, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 72 | +22.0% |
Summary: The Latrobe real estate market had 72 homes for sale in March 2024, a 22.0% 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 | 7 | 11 | +57.1% |
| 3 Bedrooms | 39 | 46 | +17.9% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Latrobe 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 57.1%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 17 | +183.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latrobe, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Latrobe in March 2024, up by 183.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for Latrobe, PA
How long does it take to sell a home in Latrobe, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 49 Days | -26.4% |
Summary: Homes in Latrobe had an average of 49 days on market in Mar 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Latrobe are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Latrobe; 59% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
