Is Shaler Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Shaler Township has remained a Seller's Market.
Key Takeaway
Shaler Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shaler Township, PA
How much do homes in Shaler Township, PA cost?
Median Sold Price
$265,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Shaler Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Shaler Township was $265,000 in April 2024, up 2.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.2K | $76.2K | -43.6% |
| 2 Bedrooms | $190K | $186.5K | -1.8% |
| 3 Bedrooms | $254K | $265K | +4.3% |
| 4 Bedrooms | $320K | $337K | +5.3% |
| 5+ Bedrooms | $375K | $339K | -9.6% |
Summary: Shaler Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.6%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Glenshaw | $270K | $285K | +5.6% |
| Shaler Township | $258.8K | $265K | +2.4% |
| Etna | $180.4K | $180K | -0.2% |
| Sharpsburg | $154K | $144.3K | -6.3% |
Housing Supply in Shaler Township, PA
How many homes are available in Shaler Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 89 | +17.1% |
Summary: The Shaler Township real estate market had 89 homes for sale in April 2024, a 17.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 52 | 63 | +21.2% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Shaler Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shaler Township, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Shaler Township in April 2024, up by 9.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 4% were sold at asking, and 70% were sold over asking.
Days on Market for Shaler Township, PA
How long does it take to sell a home in Shaler Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 33 Days | -11.6% |
Summary: Homes in Shaler Township had an average of 33 days on market in Apr 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shaler Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Shaler Township; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
