Is Plum, 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, Plum has remained a Seller's Market.
Housing Prices in Plum, PA
How much do homes in Plum, PA cost?
Median Sold Price
$240,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Plum was $240,000 in March 2024, up 4.7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $89K | +48.3% |
2 Bedrooms | $130K | $142K | +9.2% |
3 Bedrooms | $218K | $232.5K | +6.7% |
4 Bedrooms | $275K | $387.5K | +40.9% |
5+ Bedrooms | $418.9K | $342.5K | -18.2% |
Summary: Plum housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.3%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes decreased by 18.2%.
Median Sold Price Compared To Nearby Cities
Cheswick | $172.4K | $221K | +28.2% |
Plum | $229.3K | $240K | +4.7% |
Penn Hills Township | $161.2K | $165K | +2.4% |
Springdale | $147.5K | $147.5K | 0.0% |
Springdale Township | $154K | $150K | -2.6% |
Housing Supply in Plum, PA
How many homes are available in Plum, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 67 | +15.5% |
Summary: The Plum real estate market had 67 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 32 | 37 | +15.6% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Plum housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Plum in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Plum, PA
How long does it take to sell a home in Plum, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 38 Days | -28.7% |
Summary: Homes in Plum had an average of 38 days on market in Mar 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Plum; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.