Is Effort, 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, Effort was a Buyer's Market.
Key Takeaway
Effort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Effort, PA
How much do homes in Effort, PA cost?
Median Sold Price
$330,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Effort have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Effort was $330,000 in May 2024, up 9.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $199.9K | +17.6% |
| 3 Bedrooms | $295.5K | $315K | +6.6% |
| 4 Bedrooms | $336.2K | $365.5K | +8.7% |
| 5+ Bedrooms | $330K | $602.4K | +82.6% |
Summary: Effort 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 17.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 82.6%.
Median Sold Price Compared To Nearby Cities
| Chestnuthill Township | $300K | $329.9K | +10.0% |
| Effort | $301K | $330K | +9.6% |
| Polk Township | $285K | $279.9K | -1.8% |
Housing Supply in Effort, PA
How many homes are available in Effort, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Effort real estate market had 17 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Effort 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 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Effort, 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 Effort in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Effort, PA
How long does it take to sell a home in Effort, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 7 Days | -19.4% |
Summary: Homes in Effort had an average of 7 days on market in May 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Effort are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Effort; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
