Is Ellwood City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ellwood City has remained a Seller's Market.
Key Takeaway
Ellwood City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellwood City, PA
How much do homes in Ellwood City, PA cost?
Median Sold Price
$165,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ellwood City have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Ellwood City was $165,000 in April 2024, up 11.5% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $15K | $65K | +333.3% |
| 2 Bedrooms | $127.5K | $165K | +29.4% |
| 3 Bedrooms | $150K | $162.5K | +8.3% |
| 4 Bedrooms | $163K | $205K | +25.8% |
| 5+ Bedrooms | $121K | $288.7K | +138.6% |
Summary: Ellwood City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 333.3%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 138.6%.
Median Sold Price Compared To Nearby Cities
| Wayne Township | $683K | $875.1K | +28.1% |
| Ellwood City | $148K | $165K | +11.5% |
| North Sewickley Township | $211K | $235K | +11.4% |
| Perry Township | $207K | $172.5K | -16.7% |
Housing Supply in Ellwood City, PA
How many homes are available in Ellwood City, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 66 | +6.5% |
Summary: The Ellwood City real estate market had 66 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Ellwood City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellwood City, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Ellwood City in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for Ellwood City, PA
How long does it take to sell a home in Ellwood City, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 83 Days | 53 Days | -36.4% |
Summary: Homes in Ellwood City had an average of 53 days on market in Apr 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellwood City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Ellwood City; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.