Is South Park, 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 Park has remained a Seller's Market.
Housing Prices in South Park, PA
How much do homes in South Park, PA cost?
Median Sold Price
$255,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Park was $255,000 in March 2024, down 1.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | - | N/A |
2 Bedrooms | $159.5K | $175K | +9.7% |
3 Bedrooms | $250K | $254K | +1.6% |
4 Bedrooms | $391K | $360K | -7.9% |
5+ Bedrooms | $455K | $660K | +45.1% |
Summary: South Park 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 9.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Cities
Bethel Park | $255.7K | $277.4K | +8.5% |
South Park Township | $255K | $258K | +1.2% |
South Park | $260K | $255K | -1.9% |
Jefferson Hills | $340K | $329.9K | -3.0% |
Union Township | $218K | $199.9K | -8.3% |
Housing Supply in South Park, PA
How many homes are available in South Park, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Summary: The South Park real estate market had 24 homes for sale in March 2024, a 14.3% increase 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 | 1 | -50.0% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Park 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 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in South Park in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for South Park, PA
How long does it take to sell a home in South Park, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 17 Days | -54.5% |
Summary: Homes in South Park had an average of 17 days on market in Mar 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in South Park; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.