Is Southside, 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, Southside was a Seller's Market.
Key Takeaway
Southside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southside, PA
How much do homes in Southside, PA cost?
Median Sold Price
$105,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Southside have sold for 27.3% more than they did a year ago.
Summary: The median home sold price in Southside was $105,000 in March 2024, up 27.3% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $52.5K | $73.9K | +40.9% |
| 3 Bedrooms | $75K | $105K | +40.0% |
| 4 Bedrooms | $90K | $118.5K | +31.7% |
| 5+ Bedrooms | $105K | $148.7K | +41.6% |
Summary: Southside 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 40.9%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 41.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown / Central City | $100K | $164.9K | +64.9% |
| East Reading | $105K | $135K | +28.6% |
| Southside | $82.5K | $105K | +27.3% |
Housing Supply in Southside, PA
How many homes are available in Southside, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Summary: The Southside real estate market had 37 homes for sale in March 2024, a 2.6% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Southside 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 25%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southside, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Southside in March 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Southside, PA
How long does it take to sell a home in Southside, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 39 Days | +328.4% |
Summary: Homes in Southside had an average of 39 days on market in Mar 2024, up by 328.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southside has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Southside; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
