$2,719 Closing Credit*
$229,000
4 Beds
•2 Full Baths
Steve Limani, Listing Office: Realty One Group Gold Standard
Is Latrobe, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$202,875
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,375(+4.8%)
Key Takeaway
Homes in Latrobe have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Latrobe was $202,875 in December 2024, up 4.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $99K | -29.3% |
| 2 Bedrooms | $140K | $162K | +15.7% |
| 3 Bedrooms | $205K | $200.7K | -2.1% |
| 4 Bedrooms | $269.9K | $330K | +22.2% |
| 5+ Bedrooms | $263K | $491.5K | +86.9% |
Summary: Latrobe housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes increased by 15.7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 86.9%.
Median Sold Price Compared To Nearby Cities
| Unity Township | $289.9K | $322.1K | +11.1% |
| Latrobe | $193.5K | $202.8K | +4.8% |
| Derry Township | $175K | $169.5K | -3.1% |
Housing Supply in Latrobe, PA
How many homes are available in Latrobe, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 71 | 57 | -19.7% |
Summary: The Latrobe real estate market had 57 homes for sale in December 2024, a 19.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 42 | 31 | -26.2% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Latrobe housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 26.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 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. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Latrobe in December 2024, down by 5.9% month-over-month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 75 Days | 44 Days | -40.8% |
Summary: Homes in Latrobe had an average of 44 days on market in Dec 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Latrobe has remained consistent over time.
Summary: During December 2024, 16 homes were sold in Latrobe; 38% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
