Is Millvale, 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, Millvale has remained a Seller's Market.
Key Takeaway
Millvale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millvale, PA
How much do homes in Millvale, PA cost?
Median Sold Price
$150,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Millvale have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Millvale was $150,000 in March 2024, up 11.1% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | - | N/A |
| 2 Bedrooms | $115K | $130K | +13.0% |
| 3 Bedrooms | $146K | $167.5K | +14.7% |
| 4 Bedrooms | $165.1K | $182.5K | +10.5% |
| 5+ Bedrooms | - | $325K | N/A |
Summary: Millvale 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 13%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Millvale | $135K | $150K | +11.1% |
| Reserve Township | $207K | $225K | +8.7% |
| Pittsburgh | $225.1K | $239.9K | +6.6% |
| Shaler Township | $255K | $264.8K | +3.9% |
Housing Supply in Millvale, PA
How many homes are available in Millvale, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Millvale real estate market had 14 homes for sale in March 2024, a 12.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Millvale 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 increased by 20%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Millvale, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Millvale in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Millvale, PA
How long does it take to sell a home in Millvale, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 105 Days | 29 Days | -72.2% |
Summary: Homes in Millvale had an average of 29 days on market in Mar 2024, down by 72.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millvale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Millvale; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
