Is Mc Donald, 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, Mc Donald has remained a Seller's Market.
Key Takeaway
Mc Donald is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mc Donald, PA
How much do homes in Mc Donald, PA cost?
Median Sold Price
$385,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mc Donald have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Mc Donald was $385,000 in March 2024, up 4.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $77.5K | +15.7% |
| 2 Bedrooms | $184.9K | $147.5K | -20.2% |
| 3 Bedrooms | $320K | $270K | -15.6% |
| 4 Bedrooms | $440K | $427K | -3.0% |
| 5+ Bedrooms | $580K | $548K | -5.5% |
Summary: Mc Donald housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 20.2%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in Mc Donald, PA
How many homes are available in Mc Donald, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The Mc Donald real estate market had 43 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mc Donald housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Donald, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Mc Donald in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for Mc Donald, PA
How long does it take to sell a home in Mc Donald, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 56 Days | +18.0% |
Summary: Homes in Mc Donald had an average of 56 days on market in Mar 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mc Donald are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Mc Donald; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
