Is West Walnut / Union Terrace, 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, West Walnut / Union Terrace has remained a Seller's Market.
Key Takeaway
West Walnut / Union Terrace is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Walnut / Union Terrace, PA
How much do homes in West Walnut / Union Terrace, PA cost?
Median Sold Price
$227,500
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Walnut / Union Terrace have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in West Walnut / Union Terrace was $227,500 in April 2024, up 3.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $227.5K | N/A |
| 3 Bedrooms | $212K | $217.5K | +2.6% |
| 4 Bedrooms | $227.5K | $251.5K | +10.5% |
| 5+ Bedrooms | $237.5K | $260K | +9.5% |
Summary: West Walnut / Union Terrace housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Hamilton Park | $271K | $308.2K | +13.7% |
| West End | $255.7K | $290K | +13.4% |
| Lehigh Parkway | $222.5K | $250K | +12.4% |
| West Walnut / Union Terrace | $219.9K | $227.5K | +3.5% |
Housing Supply in West Walnut / Union Terrace, PA
How many homes are available in West Walnut / Union Terrace, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Summary: The West Walnut / Union Terrace real estate market had 5 homes for sale in April 2024, a 50.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The West Walnut / Union Terrace 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Walnut / Union Terrace, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in West Walnut / Union Terrace in April 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for West Walnut / Union Terrace, PA
How long does it take to sell a home in West Walnut / Union Terrace, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 7 Days | -30.0% |
Summary: Homes in West Walnut / Union Terrace had an average of 7 days on market in Apr 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Walnut / Union Terrace are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in West Walnut / Union Terrace; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
