Is Swissvale, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Swissvale has remained a Neutral Market.
Key Takeaway
Swissvale 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 Swissvale, PA
How much do homes in Swissvale, PA cost?
Median Sold Price
$165,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Swissvale have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Swissvale was $165,000 in April 2024, up 4.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $105K | +2.4% |
| 2 Bedrooms | $122.5K | $120K | -2.0% |
| 3 Bedrooms | $158K | $180K | +13.9% |
| 4 Bedrooms | $256.8K | $275K | +7.1% |
| 5+ Bedrooms | $250.5K | $227.5K | -9.2% |
Summary: Swissvale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Edgewood | $310K | $350.2K | +13.0% |
| Wilkinsburg | $126.2K | $134K | +6.1% |
| Swissvale | $157.5K | $165K | +4.8% |
Housing Supply in Swissvale, PA
How many homes are available in Swissvale, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The Swissvale real estate market had 56 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Swissvale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swissvale, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Swissvale in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for Swissvale, PA
How long does it take to sell a home in Swissvale, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 115 Days | 35 Days | -69.0% |
Summary: Homes in Swissvale had an average of 35 days on market in Apr 2024, down by 69% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Swissvale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Swissvale; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
