Is Scottdale, 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, Scottdale has remained a Seller's Market.
Key Takeaway
Scottdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scottdale, PA
How much do homes in Scottdale, PA cost?
Median Sold Price
$165,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Scottdale have sold for 10% more than they did a year ago.
Summary: The median home sold price in Scottdale was $165,000 in May 2024, up 10% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $94.2K | -21.5% |
| 3 Bedrooms | $165K | $166.2K | +0.7% |
| 4 Bedrooms | $80.4K | $213.5K | +165.4% |
| 5+ Bedrooms | $130K | $255K | +96.2% |
Summary: Scottdale 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 decreased by 21.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 165.4%, and 5+ bedroom homes increased by 96.2%.
Median Sold Price Compared To Nearby Cities
| East Huntingdon Township | $177.4K | $250K | +40.9% |
| Scottdale | $150K | $165K | +10.0% |
Housing Supply in Scottdale, PA
How many homes are available in Scottdale, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Scottdale real estate market had 19 homes for sale in May 2024, a 13.6% decrease 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Scottdale 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 increased by 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Scottdale, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Scottdale in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Scottdale, PA
How long does it take to sell a home in Scottdale, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 103 Days | 69 Days | -32.9% |
Summary: Homes in Scottdale had an average of 69 days on market in May 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Scottdale has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Scottdale; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
