Is Latrobe, 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, Latrobe has remained a Seller's Market.
Key Takeaway
Latrobe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Latrobe, PA
How much do homes in Latrobe, PA cost?
Median Sold Price
$195,333
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Latrobe have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Latrobe was $195,333 in April 2024, up 18.4% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.4K | $147K | +68.1% |
| 2 Bedrooms | $132.2K | $140K | +5.9% |
| 3 Bedrooms | $169.9K | $205.5K | +21.0% |
| 4 Bedrooms | $269.9K | $268.5K | -0.5% |
| 5+ Bedrooms | $429.2K | $263K | -38.7% |
Summary: Latrobe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 21%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 38.7%.
Median Sold Price Compared To Nearby Cities
| Latrobe | $164.9K | $195.3K | +18.4% |
| Unity Township | $279.9K | $299.9K | +7.1% |
| Derry Township | $185K | $175.5K | -5.1% |
Housing Supply in Latrobe, PA
How many homes are available in Latrobe, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 75 | -1.3% |
Summary: The Latrobe real estate market had 75 homes for sale in April 2024, a 1.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 49 | 45 | -8.2% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Latrobe 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 18.2%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latrobe, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Latrobe in April 2024, up by 29.4% month-over-month. Of the 22 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% were sold over asking.
Days on Market for Latrobe, PA
How long does it take to sell a home in Latrobe, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 39 Days | +15.3% |
Summary: Homes in Latrobe had an average of 39 days on market in Apr 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
14 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 Latrobe are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Latrobe; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
