Is Valencia, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valencia is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Valencia was a Seller's Market.

Key Takeaway

Valencia 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 Valencia, PA

How much do homes in Valencia, PA cost?

Median Sold Price

$482,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$48,032(+11.1%)

Key Takeaway

Homes in Valencia have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Valencia was $482,000 in February 2024, up 11.1% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $407.5K$389.9K
-4.3%
3 $340K$369.9K
+8.8%
4 $552K$551K
-0.2%
5+ $685K$653K
-4.7%

Summary: Valencia housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Cities

Valencia
+11.1%
Adams Township
+11.1%
Gibsonia
+3.2%

Housing Supply in Valencia, PA

How many homes are available in Valencia, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1920+5.3%

Summary: The Valencia real estate market had 20 homes for sale in February 2024, a 5.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 55
0.0%
4 89
+12.5%
5+ 22
0.0%

Summary: The Valencia housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valencia, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Valencia in February 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Valencia, PA

How long does it take to sell a home in Valencia, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
49 Days17 Days-65.1%

Summary: Homes in Valencia had an average of 17 days on market in Feb 2024, down by 65.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Valencia are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in Valencia; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Valencia, PA

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What housing markets are near Valencia, PA?