Is Squirrel Hill South, 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, Squirrel Hill South was a Seller's Market.
Key Takeaway
Squirrel Hill South is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Squirrel Hill South, PA
How much do homes in Squirrel Hill South, PA cost?
Median Sold Price
$431,175
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Squirrel Hill South have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Squirrel Hill South was $431,175 in March 2024, up 10.6% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.7K | $155K | +10.1% |
| 2 Bedrooms | $263K | $390K | +48.3% |
| 3 Bedrooms | $384.9K | $369K | -4.1% |
| 4 Bedrooms | $425K | $450K | +5.9% |
| 5+ Bedrooms | $640K | $590K | -7.8% |
Summary: Squirrel Hill South housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 48.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Squirrel Hill South | $390K | $431.1K | +10.6% |
| Squirrel Hill | $489.6K | $522.7K | +6.8% |
| Swisshelm Park | $265K | $278K | +4.9% |
| Greenfield | $260K | $230K | -11.5% |
Housing Supply in Squirrel Hill South, PA
How many homes are available in Squirrel Hill South, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The Squirrel Hill South real estate market had 30 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Squirrel Hill South 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 increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Squirrel Hill South, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Squirrel Hill South in March 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Squirrel Hill South, PA
How long does it take to sell a home in Squirrel Hill South, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 117 Days | +113.5% |
Summary: Homes in Squirrel Hill South had an average of 117 days on market in Mar 2024, up by 113.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Squirrel Hill South are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Squirrel Hill South; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
