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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Versailles is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, North Versailles has remained a Buyer's Market.

Key Takeaway

North Versailles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Versailles, PA

How much do homes in North Versailles, PA cost?

Median Sold Price

$137,500

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$2,500(-1.8%)

Key Takeaway

Homes in North Versailles have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in North Versailles was $137,500 in February 2024, down 1.8% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$27K
N/A
2 $98K$100K
+2.0%
3 $148K$140K
-5.4%
4 $155K$150K
-3.2%
5+ $185K-
N/A

Summary: North Versailles housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Versailles
-1.8%
North Versailles Township
-2.9%

Housing Supply in North Versailles, PA

How many homes are available in North Versailles, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4842-12.5%

Summary: The North Versailles real estate market had 42 homes for sale in February 2024, a 12.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1310
-23.1%
3 2420
-16.7%
4 1010
0.0%
5+ 12
+100.0%

Summary: The North Versailles 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 decreased by 23.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Versailles, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in North Versailles in February 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for North Versailles, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
90 Days75 Days-16.2%

Summary: Homes in North Versailles had an average of 75 days on market in Feb 2024, down by 16.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Versailles has remained consistent over time.

Summary: During February 2024, 3 homes were sold in North Versailles; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 Versailles, PA

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