Is Ford City, 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, Ford City was a Neutral Market.
Housing Prices in Ford City, PA
How much do homes in Ford City, PA cost?
Median Sold Price
$145,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ford City was $145,000 in May 2024, up 63.8% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $27.5K | N/A |
2 Bedrooms | $65K | $65K | 0.0% |
3 Bedrooms | $133.5K | $186K | +39.3% |
4 Bedrooms | $35K | $212K | +505.7% |
5+ Bedrooms | $146K | $207K | +41.8% |
Summary: Ford City 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 did not change, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 505.7%, and 5+ bedroom homes increased by 41.8%.
Median Sold Price Compared To Nearby Cities
Ford City | $88.5K | $145K | +63.8% |
Manor Township | $162.4K | $216.5K | +33.3% |
Housing Supply in Ford City, PA
How many homes are available in Ford City, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Summary: The Ford City real estate market had 24 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Ford City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Ford City in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ford City, PA
How long does it take to sell a home in Ford City, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 190 Days | +465.3% |
Summary: Homes in Ford City had an average of 190 days on market in May 2024, up by 465.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Ford City; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 83% of homes were sold over 90 days.