Is South Fayette 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, South Fayette Township has remained a Seller's Market.
Housing Prices in South Fayette Township, PA
How much do homes in South Fayette Township, PA cost?
Median Sold Price
$331,750
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Fayette Township was $331,750 in March 2024, down 5.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.7K | $82K | +4.1% |
2 Bedrooms | $167K | $155K | -7.2% |
3 Bedrooms | $320K | $303.7K | -5.1% |
4 Bedrooms | $464K | $470K | +1.3% |
5+ Bedrooms | $632.5K | $586K | -7.4% |
Summary: South Fayette Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
Oakdale | $213K | $265K | +24.4% |
South Fayette Township | $350K | $331.7K | -5.2% |
Housing Supply in South Fayette Township, PA
How many homes are available in South Fayette Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 91 | +19.7% |
Summary: The South Fayette Township real estate market had 91 homes for sale in March 2024, a 19.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 35 | 42 | +20.0% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Fayette 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 28.6%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 28 | +250.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in South Fayette Township in March 2024, up by 250.0% month-over-month. Of the 28 sold homes, 54% were sold under asking, 14% were sold at asking, and 32% were sold over asking.
Days on Market for South Fayette Township, PA
How long does it take to sell a home in South Fayette Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 62 Days | +46.6% |
Summary: Homes in South Fayette Township had an average of 62 days on market in Mar 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in South Fayette Township; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.