Is Indiana County, 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, Indiana County has remained a Seller's Market.
Key Takeaway
Indiana County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indiana County, PA
How much do homes in Indiana County, PA cost?
Median Sold Price
$154,933
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Indiana County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Indiana County was $154,933 in April 2024, up 6.8% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $34.7K | N/A |
| 2 Bedrooms | $105.2K | $110K | +4.6% |
| 3 Bedrooms | $152K | $153K | +0.6% |
| 4 Bedrooms | $195K | $231K | +18.5% |
| 5+ Bedrooms | $259.9K | $129.9K | -50.0% |
Summary: Indiana County 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 4.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 50%.
Median Sold Price Compared To Nearby Counties
| Armstrong County | $141.4K | $155K | +9.6% |
| Indiana County | $145K | $154.9K | +6.8% |
| Westmoreland County | $192.7K | $204.9K | +6.3% |
Housing Supply in Indiana County, PA
How many homes are available in Indiana County, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 169 | 186 | +10.1% |
Summary: The Indiana County real estate market had 186 homes for sale in April 2024, a 10.1% increase 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 | 29 | 34 | +17.2% |
| 3 Bedrooms | 99 | 106 | +7.1% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Indiana County 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 increased by 17.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 37 | +54.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indiana County, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Indiana County in April 2024, up by 54.2% month-over-month. Of the 37 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.
Days on Market for Indiana County, PA
How long does it take to sell a home in Indiana County, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 88 Days | +14.9% |
Summary: Homes in Indiana County had an average of 88 days on market in Apr 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Indiana County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 37 homes were sold in Indiana County; 27% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.