Is Beaver Falls, 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 Falls has remained a Seller's Market.
Key Takeaway
Beaver Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beaver Falls, PA
How much do homes in Beaver Falls, PA cost?
Median Sold Price
$183,866
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Beaver Falls have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Beaver Falls was $183,866 in May 2024, up 5.1% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58.4K | $45.1K | -22.9% |
| 2 Bedrooms | $125K | $105K | -16.0% |
| 3 Bedrooms | $215K | $222.5K | +3.5% |
| 4 Bedrooms | $267K | $244.8K | -8.3% |
| 5+ Bedrooms | $300K | $328K | +9.3% |
Summary: Beaver Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.9%, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Beaver Falls | $175K | $183.8K | +5.1% |
| New Brighton | $150.5K | $140K | -7.0% |
Housing Supply in Beaver Falls, PA
How many homes are available in Beaver Falls, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 107 | 122 | +14.0% |
Summary: The Beaver Falls real estate market had 122 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 33 | 31 | -6.1% |
| 3 Bedrooms | 43 | 54 | +25.6% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Beaver Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 25.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaver Falls, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Beaver Falls in May 2024, up by 8.7% month-over-month. Of the 25 sold homes, 52% were sold under asking, 12% were sold at asking, and 36% were sold over asking.
Days on Market for Beaver Falls, PA
How long does it take to sell a home in Beaver Falls, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 43 Days | -8.3% |
Summary: Homes in Beaver Falls had an average of 43 days on market in May 2024, down by 8.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beaver Falls are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Beaver Falls; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
