Is Tarentum, 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, Tarentum has remained a Seller's Market.
Key Takeaway
Tarentum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tarentum, PA
How much do homes in Tarentum, PA cost?
Median Sold Price
$133,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tarentum have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Tarentum was $133,000 in April 2024, up 2.3% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.5K | $50.5K | -20.5% |
| 2 Bedrooms | $91.5K | $120K | +31.1% |
| 3 Bedrooms | $140K | $130.9K | -6.5% |
| 4 Bedrooms | $160.7K | $163.9K | +2.0% |
| 5+ Bedrooms | $165K | $108.4K | -34.3% |
Summary: Tarentum housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 31.1%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 34.3%.
Median Sold Price Compared To Nearby Cities
| New Kensington | $137K | $171.4K | +25.1% |
| Brackenridge | $120K | $125K | +4.2% |
| Tarentum | $130K | $133K | +2.3% |
Housing Supply in Tarentum, PA
How many homes are available in Tarentum, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The Tarentum real estate market had 30 homes for sale in April 2024, a 11.1% 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Tarentum 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 40%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tarentum, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Tarentum in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Tarentum, PA
How long does it take to sell a home in Tarentum, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 26 Days | -12.5% |
Summary: Homes in Tarentum had an average of 26 days on market in Apr 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
6 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 Tarentum are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Tarentum; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
