Is Reserve Township, 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, Reserve Township has remained a Seller's Market.
Housing Prices in Reserve Township, PA
How much do homes in Reserve Township, PA cost?
Median Sold Price
$225,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Reserve Township was $225,000 in March 2024, up 8.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | - | N/A |
2 Bedrooms | $147.5K | $179.9K | +22.0% |
3 Bedrooms | $247.5K | $235K | -5.1% |
4 Bedrooms | $240K | $226K | -5.8% |
5+ Bedrooms | - | $344K | N/A |
Summary: Reserve Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Millvale | $135K | $150K | +11.1% |
Reserve Township | $207K | $225K | +8.7% |
Pittsburgh | $225.1K | $239.9K | +6.6% |
Ross Township | $250K | $265.2K | +6.1% |
Shaler Township | $255K | $264.8K | +3.9% |
Housing Supply in Reserve Township, PA
How many homes are available in Reserve Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Summary: The Reserve Township real estate market had 14 homes for sale in March 2024, a 27.3% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Reserve Township 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 increased by 66.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Reserve Township in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Reserve Township, PA
How long does it take to sell a home in Reserve Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
97 Days | 51 Days | -47.7% |
Summary: Homes in Reserve Township had an average of 51 days on market in Mar 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Reserve Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.