Is Presto, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Presto is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Presto has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Presto, PA

How much do homes in Presto, PA cost?

Median Sold Price

$605,000

$200/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$322,500(-34.8%)

Key Takeaway

Homes in Presto have sold for 34.8% less than they did a month ago.

Summary: The median home sold price in Presto was $605,000 in September 2024, down 34.8% from last month, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 -$602.5K
N/A
4 $927.5K$1.0M
+9.7%
5+ --
N/A

Summary: Presto housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes did not change.

Housing Supply in Presto, PA

How many homes are available in Presto, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1113+18.2%

Summary: The Presto real estate market had 13 homes for sale in September 2024, a 18.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 35
+66.7%
4 43
-25.0%
5+ 45
+25.0%

Summary: The Presto housing inventory by bedroom type for September 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 66.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
23+50.0%

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 Presto, 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 Presto in September 2024, up by 50.0% 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 Presto, PA

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

Average Sale Time

Aug 2024Sep 2024CHANGE
66 Days10 Days-84.5%

Summary: Homes in Presto had an average of 10 days on market in Sep 2024, down by 84.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Presto are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Presto; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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