Is Castle Shannon, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Castle Shannon was a Buyer's Market.
Key Takeaway
Castle Shannon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Castle Shannon, PA
How much do homes in Castle Shannon, PA cost?
Median Sold Price
$188,783
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Castle Shannon have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Castle Shannon was $188,783 in April 2024, up 3.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.5K | $84K | +24.4% |
| 2 Bedrooms | $169K | $160K | -5.3% |
| 3 Bedrooms | $185.7K | $205K | +10.4% |
| 4 Bedrooms | $215K | $270K | +25.6% |
| 5+ Bedrooms | - | $302K | N/A |
Summary: Castle Shannon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Whitehall | $247.5K | $290K | +17.2% |
| Mount Lebanon Township | $365K | $389.9K | +6.8% |
| Bethel Park | $259.9K | $275K | +5.8% |
| Castle Shannon | $183K | $188.7K | +3.2% |
Housing Supply in Castle Shannon, PA
How many homes are available in Castle Shannon, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Castle Shannon real estate market had 23 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Castle Shannon 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 decreased by 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 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 Castle Shannon, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Castle Shannon in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Castle Shannon, PA
How long does it take to sell a home in Castle Shannon, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 67 Days | +160.6% |
Summary: Homes in Castle Shannon had an average of 67 days on market in Apr 2024, up by 160.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Castle Shannon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Castle Shannon; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
