Is Eighty Four, 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, Eighty Four was a Seller's Market.
Key Takeaway
Eighty Four is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eighty Four, PA
How much do homes in Eighty Four, PA cost?
Median Sold Price
$400,000
$191/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Eighty Four has remained the same since last year.
Summary: The median home sold price in Eighty Four was $400,000 in May 2024, the same as last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | - | N/A |
| 2 Bedrooms | $400K | $162K | -59.5% |
| 3 Bedrooms | $302K | $361.8K | +19.8% |
| 4 Bedrooms | $481.5K | $533.5K | +10.8% |
| 5+ Bedrooms | $650K | $552K | -15.1% |
Summary: Eighty Four 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 decreased by 59.5%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
| South Strabane Township | $245K | $277.6K | +13.3% |
| Nottingham Township | $399.7K | $410K | +2.6% |
| Somerset Township | $183.2K | $185K | +1.0% |
| Eighty Four | $400K | $400K | 0.0% |
Housing Supply in Eighty Four, PA
How many homes are available in Eighty Four, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Eighty Four real estate market had 17 homes for sale in May 2024, a 13.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Eighty Four 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 increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eighty Four, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Eighty Four in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Eighty Four, PA
How long does it take to sell a home in Eighty Four, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 134 Days | 26 Days | -80.7% |
Summary: Homes in Eighty Four had an average of 26 days on market in May 2024, down by 80.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eighty Four are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Eighty Four; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
