Is Allegheny West, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Allegheny West was a Seller's Market.
Key Takeaway
Allegheny West 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 Allegheny West, PA
How much do homes in Allegheny West, PA cost?
Median Sold Price
$80,000
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Allegheny West have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in Allegheny West was $80,000 in May 2024, down 10.5% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $85K | $67.5K | -20.6% |
| 3 Bedrooms | $89K | $80K | -10.1% |
| 4 Bedrooms | $150K | $157.5K | +5.0% |
| 5+ Bedrooms | - | $138K | N/A |
Summary: Allegheny West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.6%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Tioga | $90K | $110K | +22.2% |
| Upper North Philadelphia | $89.4K | $82.5K | -7.7% |
| Allegheny West | $89.4K | $80K | -10.5% |
| Strawberry Mansion | $119K | $93K | -21.8% |
Housing Supply in Allegheny West, PA
How many homes are available in Allegheny West, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 90 | +5.9% |
Summary: The Allegheny West real estate market had 90 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 57 | 60 | +5.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Allegheny West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegheny West, 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 Allegheny West in May 2024, up by 66.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Allegheny West, PA
How long does it take to sell a home in Allegheny West, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 56 Days | +25.2% |
Summary: Homes in Allegheny West had an average of 56 days on market in May 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allegheny West are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Allegheny West; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
