Is Houston, 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, Houston has remained a Seller's Market.
Key Takeaway
Houston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Houston, PA
How much do homes in Houston, PA cost?
Median Sold Price
$261,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Houston have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Houston was $261,500 in May 2024, up 10.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | $185K | $178.5K | -3.5% |
| 3 Bedrooms | $249.2K | $250.9K | +0.7% |
| 4 Bedrooms | $320K | $376K | +17.5% |
| 5+ Bedrooms | $232K | $571K | +146.1% |
Summary: Houston 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 3.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 146.1%.
Median Sold Price Compared To Nearby Cities
| Chartiers Township | $271.5K | $301K | +10.9% |
| Houston | $237K | $261.5K | +10.3% |
| North Strabane Township | $330K | $342.2K | +3.7% |
| Canonsburg | $364.8K | $364.3K | -0.1% |
Housing Supply in Houston, PA
How many homes are available in Houston, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Houston real estate market had 19 homes for sale in May 2024, a 35.7% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Houston 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 decreased by 25%, 3 bedroom homes increased by 85.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 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 Houston, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Houston in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Houston, PA
How long does it take to sell a home in Houston, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 41 Days | +294.2% |
Summary: Homes in Houston had an average of 41 days on market in May 2024, up by 294.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Houston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Houston; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
