Is South Greensburg, 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 Greensburg has remained a Seller's Market.
Key Takeaway
South Greensburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Greensburg, PA
How much do homes in South Greensburg, PA cost?
Median Sold Price
$182,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Greensburg have sold for 23.9% more than they did a year ago.
Summary: The median home sold price in South Greensburg was $182,500 in March 2024, up 23.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $115K | $155K | +34.8% |
| 3 Bedrooms | $149K | $185K | +24.2% |
| 4 Bedrooms | $164.2K | $180K | +9.6% |
| 5+ Bedrooms | $110K | $189.9K | +72.6% |
Summary: South Greensburg 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 34.8%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 72.6%.
Median Sold Price Compared To Nearby Cities
| South Greensburg | $147.2K | $182.5K | +23.9% |
| Hempfield Township | $239.9K | $248K | +3.4% |
Housing Supply in South Greensburg, PA
How many homes are available in South Greensburg, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The South Greensburg real estate market had 6 homes for sale in March 2024, a 25.0% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Greensburg 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 decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Greensburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in South Greensburg in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for South Greensburg, PA
How long does it take to sell a home in South Greensburg, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 12 Days | -82.3% |
Summary: Homes in South Greensburg had an average of 12 days on market in Mar 2024, down by 82.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Greensburg are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in South Greensburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
