Is Mount Washington, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mount Washington was a Neutral Market.
Key Takeaway
Mount Washington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Washington, PA
How much do homes in Mount Washington, PA cost?
Median Sold Price
$217,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Washington have sold for 19.6% less than they did a year ago.
Summary: The median home sold price in Mount Washington was $217,000 in March 2024, down 19.6% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $463.5K | +209.0% |
| 2 Bedrooms | $190K | $222.5K | +17.1% |
| 3 Bedrooms | $300K | $220K | -26.7% |
| 4 Bedrooms | $270K | $200K | -25.9% |
| 5+ Bedrooms | $299.5K | $360K | +20.2% |
Summary: Mount Washington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209%, 2 bedroom homes increased by 17.1%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Duquesne Heights | $313K | $358K | +14.4% |
| Mount Washington | $270K | $217K | -19.6% |
Housing Supply in Mount Washington, PA
How many homes are available in Mount Washington, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Mount Washington real estate market had 47 homes for sale in March 2024, a 17.5% increase 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 | 12 | 12 | 0.0% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mount Washington 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 increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 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 Mount Washington, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mount Washington in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Mount Washington, PA
How long does it take to sell a home in Mount Washington, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 67 Days | +8.1% |
Summary: Homes in Mount Washington had an average of 67 days on market in Mar 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Washington are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Mount Washington; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
