Is Gibsonia, 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, Gibsonia has remained a Seller's Market.
Key Takeaway
Gibsonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gibsonia, PA
How much do homes in Gibsonia, PA cost?
Median Sold Price
$412,076
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gibsonia have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Gibsonia was $412,076 in April 2024, up 1.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $230K | +4.5% |
| 3 Bedrooms | $315K | $337.5K | +7.1% |
| 4 Bedrooms | $540K | $579K | +7.2% |
| 5+ Bedrooms | $932K | $910K | -2.4% |
Summary: Gibsonia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Gibsonia | $405.1K | $412K | +1.7% |
| Richland Township | $365K | $330K | -9.6% |
Housing Supply in Gibsonia, PA
How many homes are available in Gibsonia, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 96 | +17.1% |
Summary: The Gibsonia real estate market had 96 homes for sale in April 2024, a 17.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 33 | 39 | +18.2% |
| 4 Bedrooms | 21 | 32 | +52.4% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Gibsonia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 52.4%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibsonia, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Gibsonia in April 2024, up by 16.7% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Gibsonia, PA
How long does it take to sell a home in Gibsonia, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 43 Days | +23.3% |
Summary: Homes in Gibsonia had an average of 43 days on market in Apr 2024, up by 23.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gibsonia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Gibsonia; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
