Is South Beaver 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, South Beaver Township was a Neutral Market.
Key Takeaway
South Beaver Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Beaver Township, PA
How much do homes in South Beaver Township, PA cost?
Median Sold Price
$275,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Beaver Township have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in South Beaver Township was $275,000 in May 2024, up 24.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175.5K | $190K | +8.3% |
| 3 Bedrooms | $200K | $275K | +37.5% |
| 4 Bedrooms | $265K | $305K | +15.1% |
| 5+ Bedrooms | $465K | $445K | -4.3% |
Summary: South Beaver 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 8.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| South Beaver Township | $221.2K | $275K | +24.3% |
| Chippewa Township | $256.5K | $273K | +6.4% |
| Negley | $334.7K | $249.5K | -25.5% |
Housing Supply in South Beaver Township, PA
How many homes are available in South Beaver Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The South Beaver Township real estate market had 9 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Beaver 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 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 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 South Beaver Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in South Beaver Township in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for South Beaver Township, PA
How long does it take to sell a home in South Beaver Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 26 Days | -23.8% |
Summary: Homes in South Beaver Township had an average of 26 days on market in May 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Beaver Township has remained consistent over time.
Summary: During May 2024, 3 homes were sold in South Beaver Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
