Is Beaver, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Beaver has remained a Seller's Market.
Key Takeaway
Beaver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beaver, PA
How much do homes in Beaver, PA cost?
Median Sold Price
$282,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Beaver have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Beaver was $282,000 in May 2024, up 2.5% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $163.7K | $195K | +19.1% |
| 3 Bedrooms | $225K | $250K | +11.1% |
| 4 Bedrooms | $372.5K | $382K | +2.6% |
| 5+ Bedrooms | $500K | $590K | +18.0% |
Summary: Beaver 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 increased by 19.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
| Brighton Township | $280K | $289.9K | +3.5% |
| Beaver | $275K | $282K | +2.5% |
| Monaca | $215K | $200K | -7.0% |
Housing Supply in Beaver, PA
How many homes are available in Beaver, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 77 | +8.5% |
Summary: The Beaver real estate market had 77 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 34 | 42 | +23.5% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Beaver 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 decreased by 25%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaver, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Beaver in May 2024, up by 30.8% month-over-month. Of the 17 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.
Days on Market for Beaver, PA
How long does it take to sell a home in Beaver, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | -0.1% |
Summary: Homes in Beaver had an average of 30 days on market in May 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Beaver are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Beaver; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
