Is Monroeville, 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, 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
$220,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Monroeville have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Monroeville was $220,000 in March 2024, up 2.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.9K | $77.7K | -5.1% |
| 2 Bedrooms | $162K | $166K | +2.5% |
| 3 Bedrooms | $206K | $215K | +4.4% |
| 4 Bedrooms | $289.9K | $277.5K | -4.3% |
| 5+ Bedrooms | $367K | $304K | -17.2% |
Summary: Monroeville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Turtle Creek | $79.9K | $100.2K | +25.3% |
| Monroeville | $215K | $220K | +2.3% |
| Wilkins Township | $178.4K | $178.7K | 0.2% |
Housing Supply in Monroeville, PA
How many homes are available in Monroeville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 92 | +2.2% |
Summary: The Monroeville real estate market had 92 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 41 | 39 | -4.9% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Monroeville 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 remained the same, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroeville, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Monroeville in March 2024, down by 4.2% month-over-month. Of the 23 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 45 Days | -2.5% |
Summary: Homes in Monroeville had an average of 45 days on market in Mar 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monroeville has remained consistent over time.
Summary: During March 2024, 23 homes were sold in Monroeville; 35% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
