Is Connellsville, 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, Connellsville was a Seller's Market.
Key Takeaway
Connellsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Connellsville, PA
How much do homes in Connellsville, PA cost?
Median Sold Price
$143,150
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Connellsville have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Connellsville was $143,150 in May 2024, down 7.3% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $91.7K | +103.9% |
| 2 Bedrooms | $105K | $115K | +9.5% |
| 3 Bedrooms | $159.5K | $143.5K | -10.0% |
| 4 Bedrooms | $161K | $172.5K | +7.1% |
| 5+ Bedrooms | $159.9K | $264.7K | +65.6% |
Summary: Connellsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 65.6%.
Median Sold Price Compared To Nearby Cities
| Connellsville | $154.5K | $143.1K | -7.3% |
| Connellsville Township | $154.5K | $143.1K | -7.3% |
Housing Supply in Connellsville, PA
How many homes are available in Connellsville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 48 | -5.9% |
Summary: The Connellsville real estate market had 48 homes for sale in May 2024, a 5.9% decrease 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 29 | 23 | -20.7% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Connellsville 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 remained the same, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 5 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Connellsville, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Connellsville in May 2024, down by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Connellsville, PA
How long does it take to sell a home in Connellsville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 78 Days | +25.9% |
Summary: Homes in Connellsville had an average of 78 days on market in May 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Connellsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Connellsville; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
