Is South Side, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Side was a Seller's Market.
Key Takeaway
South Side is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Side, PA
How much do homes in South Side, PA cost?
Median Sold Price
$239,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in South Side has remained the same since last year.
Summary: The median home sold price in South Side was $239,500 in March 2024, down 0.2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $235K | +30.6% |
| 2 Bedrooms | $225K | $250K | +11.1% |
| 3 Bedrooms | $271.5K | $266.2K | -1.9% |
| 4 Bedrooms | $205K | $208.2K | +1.6% |
| 5+ Bedrooms | $270K | $224.5K | -16.9% |
Summary: South Side housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Neighborhoods
| South Side Flats | $270K | $309.2K | +14.5% |
| South Side | $240K | $239.5K | -0.2% |
| South Side Slopes | $174.5K | $171K | -2.0% |
Housing Supply in South Side, PA
How many homes are available in South Side, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 105 | 130 | +23.8% |
Summary: The South Side real estate market had 130 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 32 | 45 | +40.6% |
| 3 Bedrooms | 57 | 65 | +14.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Side housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 40.6%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Side, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in South Side in March 2024, up by 55.6% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for South Side, PA
How long does it take to sell a home in South Side, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 87 Days | -9.4% |
Summary: Homes in South Side had an average of 87 days on market in Mar 2024, down by 9.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Side has remained consistent over time.
Summary: During March 2024, 14 homes were sold in South Side; 29% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.