Is Verona, 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, Verona has remained a Seller's Market.
Key Takeaway
Verona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Verona, PA
How much do homes in Verona, PA cost?
Median Sold Price
$170,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Verona have sold for 8% more than they did a year ago.
Summary: The median home sold price in Verona was $170,000 in March 2024, up 8% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $145K | +29.5% |
| 2 Bedrooms | $102.5K | $132K | +28.8% |
| 3 Bedrooms | $170K | $169.9K | -0.1% |
| 4 Bedrooms | $250K | $206K | -17.6% |
| 5+ Bedrooms | $57K | $306.2K | +437.3% |
Summary: Verona housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 28.8%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 437.3%.
Median Sold Price Compared To Nearby Cities
| Oakmont | $297.5K | $340K | +14.3% |
| Verona | $157.4K | $170K | +8.0% |
| Penn Hills Township | $161.2K | $165K | +2.4% |
Housing Supply in Verona, PA
How many homes are available in Verona, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 65 | +4.8% |
Summary: The Verona real estate market had 65 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Verona housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Verona, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Verona in March 2024, the same as the previous month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 47 Days | -28.3% |
Summary: Homes in Verona had an average of 47 days on market in Mar 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Verona has remained consistent over time.
Summary: During March 2024, 15 homes were sold in Verona; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
