Is South Fayette Township, 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, South Fayette Township has remained a Seller's Market.
Housing Prices in South Fayette Township, PA
How much do homes in South Fayette Township, PA cost?
Median Sold Price
$340,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Fayette Township was $340,000 in April 2024, up 1.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.7K | $82K | +4.1% |
2 Bedrooms | $166K | $150K | -9.6% |
3 Bedrooms | $300K | $308.5K | +2.8% |
4 Bedrooms | $466K | $475.5K | +2.0% |
5+ Bedrooms | $632.5K | $565K | -10.7% |
Summary: South Fayette Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
Oakdale | $226.2K | $265K | +17.1% |
South Fayette Township | $334.9K | $340K | +1.5% |
Housing Supply in South Fayette Township, PA
How many homes are available in South Fayette Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 96 | +5.5% |
Summary: The South Fayette Township real estate market had 96 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 12 | -33.3% |
3 Bedrooms | 41 | 40 | -2.4% |
4 Bedrooms | 27 | 40 | +48.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The South Fayette Township 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 decreased by 33.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 18 | -41.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in South Fayette Township in April 2024, down by 41.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for South Fayette Township, PA
How long does it take to sell a home in South Fayette Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 25 Days | -36.6% |
Summary: Homes in South Fayette Township had an average of 25 days on market in Apr 2024, down by 36.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in South Fayette Township; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.