Is Jeannette, 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, Jeannette has remained a Seller's Market.
Key Takeaway
Jeannette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jeannette, PA
How much do homes in Jeannette, PA cost?
Median Sold Price
$155,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jeannette have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Jeannette was $155,000 in April 2024, up 19.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42.5K | $69K | +62.4% |
| 2 Bedrooms | $79K | $105K | +32.9% |
| 3 Bedrooms | $141.7K | $163K | +15.0% |
| 4 Bedrooms | $154.9K | $297.5K | +92.0% |
| 5+ Bedrooms | $140K | $586K | +318.6% |
Summary: Jeannette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.4%, 2 bedroom homes increased by 32.9%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 92%, and 5+ bedroom homes increased by 318.6%.
Median Sold Price Compared To Nearby Cities
| Jeannette | $129.4K | $155K | +19.7% |
| Hempfield Township | $239.9K | $249.9K | +4.2% |
| Penn Township | $288.5K | $289K | 0.2% |
Housing Supply in Jeannette, PA
How many homes are available in Jeannette, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 88 | 92 | +4.5% |
Summary: The Jeannette real estate market had 92 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 23 | +53.3% |
| 3 Bedrooms | 52 | 52 | 0.0% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Jeannette housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 53.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jeannette, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Jeannette in April 2024, up by 9.5% month-over-month. Of the 23 sold homes, 39% were sold under asking, 17% were sold at asking, and 43% were sold over asking.
Days on Market for Jeannette, PA
How long does it take to sell a home in Jeannette, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 33 Days | -45.5% |
Summary: Homes in Jeannette had an average of 33 days on market in Apr 2024, down by 45.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jeannette are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Jeannette; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% 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.