Is West District, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, West District was a Seller's Market.
Key Takeaway
West District 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 West District, PA
How much do homes in West District, PA cost?
Median Sold Price
$185,292
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West District have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in West District was $185,292 in April 2024, up 4.2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $407K | +213.1% |
| 2 Bedrooms | $139K | $150K | +7.9% |
| 3 Bedrooms | $184K | $200K | +8.7% |
| 4 Bedrooms | $186.5K | $190.5K | +2.2% |
| 5+ Bedrooms | $235.7K | $199.9K | -15.2% |
Summary: West District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 213.1%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Westwood | $180K | $210K | +16.7% |
| West District | $177.8K | $185.2K | +4.2% |
| Oakwood | $209K | $215K | +2.9% |
Housing Supply in West District, PA
How many homes are available in West District, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 153 | 169 | +10.5% |
Summary: The West District real estate market had 169 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 43 | 42 | -2.3% |
| 3 Bedrooms | 79 | 95 | +20.3% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The West District 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 decreased by 2.3%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West District, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in West District in April 2024, down by 12.9% month-over-month. Of the 27 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for West District, PA
How long does it take to sell a home in West District, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 54 Days | -20.8% |
Summary: Homes in West District had an average of 54 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West District are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in West District; 56% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
