Is South Park 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 Park Township has remained a Seller's Market.
Key Takeaway
South Park Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Park Township, PA
How much do homes in South Park Township, PA cost?
Median Sold Price
$258,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Park Township have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in South Park Township was $258,000 in March 2024, up 1.2% 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 | $160.5K | $175K | +9.0% |
| 3 Bedrooms | $240.5K | $252.5K | +5.0% |
| 4 Bedrooms | $361.5K | $345.5K | -4.4% |
| 5+ Bedrooms | $455K | $660K | +45.1% |
Summary: South Park 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 9%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Cities
| Bethel Park | $255.7K | $277.4K | +8.5% |
| Pleasant Hills | $250K | $270.5K | +8.2% |
| South Park Township | $255K | $258K | +1.2% |
| South Park | $260K | $255K | -1.9% |
| Union Township | $218K | $199.9K | -8.3% |
Housing Supply in South Park Township, PA
How many homes are available in South Park Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The South Park Township real estate market had 32 homes for sale in March 2024, a 6.7% 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 | 24 | 25 | +4.2% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Park 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 50%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Park Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in South Park Township in March 2024, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South Park Township, PA
How long does it take to sell a home in South Park Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 17 Days | -60.4% |
Summary: Homes in South Park Township had an average of 17 days on market in Mar 2024, down by 60.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Park Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in South Park Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
