Is Burgettstown, 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, Burgettstown was a Seller's Market.
Key Takeaway
Burgettstown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Burgettstown, PA
How much do homes in Burgettstown, PA cost?
Median Sold Price
$215,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Burgettstown have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Burgettstown was $215,000 in May 2024, up 21.1% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $82K | N/A |
| 2 Bedrooms | $145K | $145K | 0.0% |
| 3 Bedrooms | $177.5K | $232K | +30.7% |
| 4 Bedrooms | $238K | $156.8K | -34.1% |
| 5+ Bedrooms | $367.5K | $338.4K | -7.9% |
Summary: Burgettstown 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 did not change, 3 bedroom homes increased by 30.7%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Burgettstown | $177.5K | $215K | +21.1% |
| Smith Township | $148.1K | $167K | +12.8% |
Housing Supply in Burgettstown, PA
How many homes are available in Burgettstown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Burgettstown real estate market had 31 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Burgettstown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Burgettstown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Burgettstown in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Burgettstown, PA
How long does it take to sell a home in Burgettstown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 69 Days | +232.1% |
Summary: Homes in Burgettstown had an average of 69 days on market in May 2024, up by 232.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Burgettstown has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Burgettstown; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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