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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Strabane Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in North Strabane Township, PA

How much do homes in North Strabane Township, PA cost?

Median Sold Price

$341,632

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,882(+8.9%)

Key Takeaway

Homes in North Strabane Township have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in North Strabane Township was $341,632 in February 2024, up 8.9% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $94.9K$39K
-58.9%
2 $176.2K$202.5K
+14.9%
3 $295.6K$311.5K
+5.4%
4 $443K$496.9K
+12.2%
5+ $600K$552K
-8.0%

Summary: North Strabane Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.9%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 8%.

Median Sold Price Compared To Nearby Cities

Canonsburg
+66.6%
North Strabane Township
+8.9%
South Strabane Township
-3.7%

Housing Supply in North Strabane Township, PA

How many homes are available in North Strabane Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5258+11.5%

Summary: The North Strabane Township real estate market had 58 homes for sale in February 2024, a 11.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 89
+12.5%
3 2930
+3.4%
4 813
+62.5%
5+ 65
-16.7%

Summary: The North Strabane Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12120.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Strabane Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in North Strabane Township in February 2024, the same as the previous month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for North Strabane Township, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
44 Days94 Days+113.3%

Summary: Homes in North Strabane Township had an average of 94 days on market in Feb 2024, up by 113.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in North Strabane Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 12 homes were sold in North Strabane Township; 25% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 58% 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

Newest Listings in North Strabane Township, PA

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