Is Sharpsville, 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, Sharpsville has remained a Seller's Market.
Key Takeaway
Sharpsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sharpsville, PA
How much do homes in Sharpsville, PA cost?
Median Sold Price
$155,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sharpsville have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Sharpsville was $155,000 in March 2024, up 12.7% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $63K | $116.7K | +85.3% |
| 3 Bedrooms | $140K | $157.5K | +12.5% |
| 4 Bedrooms | $184K | $160K | -13.0% |
| 5+ Bedrooms | $362.9K | $218.7K | -39.7% |
Summary: Sharpsville 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 85.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 39.7%.
Median Sold Price Compared To Nearby Cities
| South Pymatuning Township | $175K | $200K | +14.3% |
| Sharpsville | $137.5K | $155K | +12.7% |
| Hermitage | $179.9K | $190K | +5.6% |
Housing Supply in Sharpsville, PA
How many homes are available in Sharpsville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The Sharpsville real estate market had 18 homes for sale in March 2024, a 14.3% decrease 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sharpsville 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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sharpsville, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sharpsville in March 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Sharpsville, PA
How long does it take to sell a home in Sharpsville, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 77 Days | +63.3% |
Summary: Homes in Sharpsville had an average of 77 days on market in Mar 2024, up by 63.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sharpsville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Sharpsville; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
