Is Straban Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Straban Township has remained a Buyer's Market.
Key Takeaway
Straban Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Straban Township, PA
How much do homes in Straban Township, PA cost?
Median Sold Price
$434,900
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Straban Township have sold for 41.2% more than they did a year ago.
Summary: The median home sold price in Straban Township was $434,900 in March 2024, up 41.2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168K | $489.9K | +191.6% |
| 3 Bedrooms | $315K | $406K | +28.9% |
| 4 Bedrooms | $307.9K | $389.9K | +26.6% |
| 5+ Bedrooms | $450K | $523K | +16.2% |
Summary: Straban Township 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 191.6%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Cities
| Tyrone Township | $134.7K | $193.5K | +43.6% |
| Straban Township | $307.9K | $434.9K | +41.2% |
| Butler Township | $197.9K | $221.5K | +11.9% |
| Cumberland Township | $297.4K | $329.9K | +10.9% |
| Mount Pleasant Township | $195.5K | $215K | +10.0% |
Housing Supply in Straban Township, PA
How many homes are available in Straban Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Summary: The Straban Township real estate market had 23 homes for sale in March 2024, a 17.9% 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 | 14 | 12 | -14.3% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Straban Township 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 14.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Straban Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Straban Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Straban Township, PA
How long does it take to sell a home in Straban Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 12 Days | -63.6% |
Summary: Homes in Straban Township had an average of 12 days on market in Mar 2024, down by 63.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Straban Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Straban Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
