Is Ligonier Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ligonier Township was a Buyer's Market.
Key Takeaway
Ligonier Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ligonier Township, PA
How much do homes in Ligonier Township, PA cost?
Median Sold Price
$279,950
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ligonier Township have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Ligonier Township was $279,950 in May 2024, up 21.1% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $36K | - | N/A |
| 2 Bedrooms | $150K | $203.7K | +35.8% |
| 3 Bedrooms | $239.9K | $258.5K | +7.7% |
| 4 Bedrooms | $407.5K | $380K | -6.7% |
| 5+ Bedrooms | $426K | $628.5K | +47.5% |
Summary: Ligonier Township 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 increased by 35.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 47.5%.
Median Sold Price Compared To Nearby Cities
| Ligonier | $239.4K | $295K | +23.2% |
| Ligonier Township | $231.2K | $279.9K | +21.1% |
Housing Supply in Ligonier Township, PA
How many homes are available in Ligonier Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 52 | +23.8% |
Summary: The Ligonier Township real estate market had 52 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 17 | 26 | +52.9% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Ligonier Township 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 14.3%, 3 bedroom homes increased by 52.9%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ligonier Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Ligonier Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Ligonier Township, PA
How long does it take to sell a home in Ligonier Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 36 Days | -22.5% |
Summary: Homes in Ligonier Township had an average of 36 days on market in May 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ligonier Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Ligonier Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
