Is Greensburg, 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, Greensburg has remained a Seller's Market.
Key Takeaway
Greensburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greensburg, PA
How much do homes in Greensburg, PA cost?
Median Sold Price
$235,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Greensburg have sold for 23.7% more than they did a year ago.
Summary: The median home sold price in Greensburg was $235,000 in April 2024, up 23.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $92K | N/A |
| 2 Bedrooms | $136K | $155K | +14.0% |
| 3 Bedrooms | $199.9K | $225K | +12.6% |
| 4 Bedrooms | $225K | $327.5K | +45.6% |
| 5+ Bedrooms | $275K | $330K | +20.0% |
Summary: Greensburg 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 14%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 45.6%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
| Greensburg | $190K | $235K | +23.7% |
| Hempfield Township | $239.9K | $249.9K | +4.2% |
| Southwest Greensburg | $165K | $149.5K | -9.4% |
Housing Supply in Greensburg, PA
How many homes are available in Greensburg, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 148 | -4.5% |
Summary: The Greensburg real estate market had 148 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 15 | -28.6% |
| 3 Bedrooms | 78 | 79 | +1.3% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The Greensburg 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 28.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 37 | -31.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greensburg, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Greensburg in April 2024, down by 31.5% month-over-month. Of the 37 sold homes, 65% were sold under asking, 14% were sold at asking, and 22% were sold over asking.
Days on Market for Greensburg, PA
How long does it take to sell a home in Greensburg, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 47 Days | +7.4% |
Summary: Homes in Greensburg had an average of 47 days on market in Apr 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greensburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Greensburg; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
