Is South Side, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Side was a Seller's Market.
Housing Prices in South Side, PA
How much do homes in South Side, PA cost?
Median Sold Price
$240,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Side was $240,000 in April 2024, up 7.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169.5K | $269.7K | +59.1% |
2 Bedrooms | $220K | $231.9K | +5.4% |
3 Bedrooms | $260K | $272K | +4.6% |
4 Bedrooms | $205K | $208.2K | +1.6% |
5+ Bedrooms | $270K | $224.5K | -16.9% |
Summary: South Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Neighborhoods
South Side Flats | $269K | $305K | +13.4% |
South Side | $222.5K | $240K | +7.9% |
South Side Slopes | $168.5K | $169.5K | +0.6% |
Housing Supply in South Side, PA
How many homes are available in South Side, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 131 | +8.3% |
Summary: The South Side real estate market had 131 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 43 | 40 | -7.0% |
3 Bedrooms | 61 | 70 | +14.8% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Side 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 7%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in South Side in April 2024, the same as the previous month. Of the 16 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.
Days on Market for South Side, PA
How long does it take to sell a home in South Side, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
102 Days | 50 Days | -50.7% |
Summary: Homes in South Side had an average of 50 days on market in Apr 2024, down by 50.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in South Side; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.