Is Grove City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Grove City has remained a Seller's Market.
Key Takeaway
Grove City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grove City, PA
How much do homes in Grove City, PA cost?
Median Sold Price
$225,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grove City have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Grove City was $225,000 in May 2024, up 21.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $160K | $135K | -15.6% |
| 3 Bedrooms | $180K | $225K | +25.0% |
| 4 Bedrooms | $287.5K | $285K | -0.9% |
| 5+ Bedrooms | $310.6K | $372.5K | +19.9% |
Summary: Grove 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 decreased by 15.6%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 19.9%.
Housing Supply in Grove City, PA
How many homes are available in Grove City, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 34 | +36.0% |
Summary: The Grove City real estate market had 34 homes for sale in May 2024, a 36.0% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 15 | 21 | +40.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Grove City 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 increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grove City, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Grove City in May 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Grove City, PA
How long does it take to sell a home in Grove City, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 57 Days | 0.4% |
Summary: Homes in Grove City had an average of 57 days on market in May 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grove City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Grove City; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
