Is Monroeville, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroeville is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Monroeville, PA

How much do homes in Monroeville, PA cost?

Median Sold Price

$235,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$16,416(+7.5%)

Key Takeaway

Homes in Monroeville have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Monroeville was $235,000 in September 2024, up 7.5% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $77.7K-
N/A
2 $160K$199.9K
+25.0%
3 $210K$220K
+4.8%
4 $265K$295K
+11.3%
5+ $304K$320K
+5.3%

Summary: Monroeville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Cities

Turtle Creek
+21.6%
Wilmerding
+12.9%
Monroeville
+7.5%
Wilkins Township
+5.2%

Housing Supply in Monroeville, PA

How many homes are available in Monroeville, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
102110+7.8%

Summary: The Monroeville real estate market had 110 homes for sale in September 2024, a 7.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 912
+33.3%
3 5964
+8.5%
4 2727
0.0%
5+ 66
0.0%

Summary: The Monroeville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroeville, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Monroeville in September 2024, up by 11.8% month-over-month. Of the 19 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% were sold over asking.

Days on Market for Monroeville, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
36 Days27 Days-24.3%

Summary: Homes in Monroeville had an average of 27 days on market in Sep 2024, down by 24.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroeville are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 19 homes were sold in Monroeville; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 Sep 1, 2024

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