Is Verona, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Verona has remained a Seller's Market.
Housing Prices in Verona, PA
How much do homes in Verona, PA cost?
Median Sold Price
$172,500
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Verona was $172,500 in June 2024, up 1.5% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93.5K | $115K | +23.0% |
2 Bedrooms | $128.4K | $117.4K | -8.6% |
3 Bedrooms | $174.9K | $175K | 0.1% |
4 Bedrooms | $210K | $210K | 0.0% |
5+ Bedrooms | $254K | $180K | -29.1% |
Summary: Verona housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 0.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 29.1%.
Median Sold Price Compared To Nearby Cities
Oakmont | $300K | $340K | +13.3% |
Penn Hills Township | $162.8K | $167.8K | +3.1% |
Verona | $170K | $172.5K | +1.5% |
Housing Supply in Verona, PA
How many homes are available in Verona, PA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
60 | 70 | +16.7% |
Summary: The Verona real estate market had 70 homes for sale in June 2024, a 16.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 44 | 46 | +4.5% |
4 Bedrooms | 7 | 14 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Verona housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Verona in June 2024, up by 57.1% month-over-month. Of the 22 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for Verona, PA
How long does it take to sell a home in Verona, PA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
68 Days | 34 Days | -50.1% |
Summary: Homes in Verona had an average of 34 days on market in Jun 2024, down by 50.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 22 homes were sold in Verona; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.