Is Monongahela Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monongahela Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Monongahela Township has remained a Seller's Market.

Key Takeaway

Monongahela Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Monongahela Township, PA

How much do homes in Monongahela Township, PA cost?

Median Sold Price

$157,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$2,000(+1.3%)

Key Takeaway

Homes in Monongahela Township have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Monongahela Township was $157,000 in March 2024, up 1.3% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $82K$89.9K
+9.6%
3 $210K$164K
-21.9%
4 $250K$290K
+16.0%
5+ -$210K
N/A

Summary: Monongahela Township 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 9.6%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes increased by 16%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monongahela Township
+1.3%
Masontown
-4.3%

Housing Supply in Monongahela Township, PA

How many homes are available in Monongahela Township, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3736-2.7%

Summary: The Monongahela Township real estate market had 36 homes for sale in March 2024, a 2.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1110
-9.1%
3 1919
0.0%
4 66
0.0%
5+ 11
0.0%

Summary: The Monongahela 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 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monongahela Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Monongahela Township in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Monongahela Township, PA

How long does it take to sell a home in Monongahela Township, PA?

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days66 Days+45.1%

Summary: Homes in Monongahela Township had an average of 66 days on market in Mar 2024, up by 45.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Monongahela Township has remained consistent over time.

Summary: During March 2024, 7 homes were sold in Monongahela Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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