Is South Side Flats, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Side Flats was a Seller's Market.
Key Takeaway
South Side Flats is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Side Flats, PA
How much do homes in South Side Flats, PA cost?
Median Sold Price
$305,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Side Flats have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in South Side Flats was $305,000 in April 2024, up 13.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $270K | +47.9% |
| 2 Bedrooms | $230.8K | $305K | +32.1% |
| 3 Bedrooms | $362.5K | $326.4K | -9.9% |
| 4 Bedrooms | $211K | $232.5K | +10.2% |
| 5+ Bedrooms | $270K | $224K | -17.0% |
Summary: South Side Flats housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.9%, 2 bedroom homes increased by 32.1%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
| South Side Flats | $269K | $305K | +13.4% |
| South Side | $222.5K | $240K | +7.9% |
| West District | $177.8K | $185.2K | +4.2% |
Housing Supply in South Side Flats, PA
How many homes are available in South Side Flats, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 72 | +12.5% |
Summary: The South Side Flats real estate market had 72 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 30 | 34 | +13.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Side Flats housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Side Flats, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in South Side Flats in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for South Side Flats, PA
How long does it take to sell a home in South Side Flats, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 130 Days | 60 Days | -53.6% |
Summary: Homes in South Side Flats had an average of 60 days on market in Apr 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Side Flats are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in South Side Flats; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
