Is Shenango Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Shenango Township was a Seller's Market.
Key Takeaway
Shenango Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shenango Township, PA
How much do homes in Shenango Township, PA cost?
Median Sold Price
$194,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shenango Township have sold for 14% less than they did a year ago.
Summary: The median home sold price in Shenango Township was $194,000 in March 2024, down 14% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $170K | +41.7% |
| 3 Bedrooms | $237.5K | $194K | -18.3% |
| 4 Bedrooms | $235K | $376.7K | +60.3% |
| 5+ Bedrooms | $160K | $272.6K | +70.4% |
Summary: Shenango 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 41.7%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes increased by 60.3%, and 5+ bedroom homes increased by 70.4%.
Median Sold Price Compared To Nearby Cities
| Hermitage | $179.9K | $190K | +5.6% |
| Shenango Township | $225.5K | $194K | -14.0% |
Housing Supply in Shenango Township, PA
How many homes are available in Shenango Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Shenango Township real estate market had 8 homes for sale in March 2024, a 11.1% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shenango 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenango Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Shenango Township in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Shenango Township, PA
How long does it take to sell a home in Shenango Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +1.6% |
Summary: Homes in Shenango Township had an average of 32 days on market in Mar 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shenango Township has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Shenango Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
