Is South Strabane Township, 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 Strabane Township was a Seller's Market.
Key Takeaway
South Strabane Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Strabane Township, PA
How much do homes in South Strabane Township, PA cost?
Median Sold Price
$273,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Strabane Township have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in South Strabane Township was $273,500 in March 2024, up 9.4% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.9K | $100K | 0.1% |
| 2 Bedrooms | $160K | $176K | +10.0% |
| 3 Bedrooms | $260K | $273.5K | +5.2% |
| 4 Bedrooms | $385.5K | $417.5K | +8.3% |
| 5+ Bedrooms | $392.5K | $370K | -5.7% |
Summary: South Strabane Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Washington | $144.4K | $216.1K | +49.6% |
| South Strabane Township | $250K | $273.5K | +9.4% |
| North Strabane Township | $315K | $341.6K | +8.5% |
Housing Supply in South Strabane Township, PA
How many homes are available in South Strabane Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Summary: The South Strabane Township real estate market had 37 homes for sale in March 2024, a 23.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The South Strabane Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Strabane Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in South Strabane Township in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for South Strabane Township, PA
How long does it take to sell a home in South Strabane Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 26 Days | -23.9% |
Summary: Homes in South Strabane Township had an average of 26 days on market in Mar 2024, down by 23.9% compared to last year.
Breakdown of Home Sale Times
3 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 Strabane Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in South Strabane Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
