Is Seven Valleys, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Seven Valleys has remained a Seller's Market.
Housing Prices in Seven Valleys, PA
How much do homes in Seven Valleys, PA cost?
Median Sold Price
$360,000
$126/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Seven Valleys was $360,000 in February 2024, up 10.8% from last month, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $191.5K | $264K | +37.9% |
4 Bedrooms | $364.7K | $379.7K | +4.1% |
5+ Bedrooms | - | - | N/A |
Summary: Seven Valleys housing prices by bedroom type for February 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 increased by 37.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes did not change.
Housing Supply in Seven Valleys, PA
How many homes are available in Seven Valleys, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Summary: The Seven Valleys real estate market had 17 homes for sale in February 2024, a 10.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Seven Valleys 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Seven Valleys in February 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Seven Valleys, PA
How long does it take to sell a home in Seven Valleys, PA?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
77 Days | 41 Days | -46.0% |
Summary: Homes in Seven Valleys had an average of 41 days on market in Feb 2024, down by 46% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Seven Valleys; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.