Is Kittanning Township, 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, Kittanning Township has remained a Seller's Market.
Key Takeaway
Kittanning Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kittanning Township, PA
How much do homes in Kittanning Township, PA cost?
Median Sold Price
$164,950
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kittanning Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Kittanning Township was $164,950 in May 2024, up 8.5% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $27K | -57.2% |
| 2 Bedrooms | $90.5K | $140K | +54.7% |
| 3 Bedrooms | $168.4K | $174K | +3.3% |
| 4 Bedrooms | $185K | $219.7K | +18.8% |
| 5+ Bedrooms | $219.9K | $137.6K | -37.4% |
Summary: Kittanning Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.2%, 2 bedroom homes increased by 54.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 37.4%.
Median Sold Price Compared To Nearby Cities
| Manor Township | $162.4K | $216.5K | +33.3% |
| Kittanning Township | $152K | $164.9K | +8.5% |
Housing Supply in Kittanning Township, PA
How many homes are available in Kittanning Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The Kittanning Township real estate market had 42 homes for sale in May 2024, a 2.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Kittanning Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kittanning Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Kittanning Township in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Kittanning Township, PA
How long does it take to sell a home in Kittanning Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 115 Days | 90 Days | -21.0% |
Summary: Homes in Kittanning Township had an average of 90 days on market in May 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kittanning Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Kittanning Township; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
