Is Squirrel Hill South, 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, Squirrel Hill South was a Seller's Market.
Key Takeaway
Squirrel Hill South 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 Squirrel Hill South, PA
How much do homes in Squirrel Hill South, PA cost?
Median Sold Price
$435,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Squirrel Hill South have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Squirrel Hill South was $435,000 in April 2024, up 8.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.7K | $147.5K | +1.2% |
| 2 Bedrooms | $258.2K | $390K | +51.0% |
| 3 Bedrooms | $400K | $380.5K | -4.9% |
| 4 Bedrooms | $432.5K | $450K | +4.0% |
| 5+ Bedrooms | $640K | $580K | -9.4% |
Summary: Squirrel Hill South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 51%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Squirrel Hill | $500K | $566K | +13.2% |
| Squirrel Hill South | $400K | $435K | +8.8% |
| Swisshelm Park | $275K | $277K | +0.7% |
| Greenfield | $253.7K | $235K | -7.4% |
Housing Supply in Squirrel Hill South, PA
How many homes are available in Squirrel Hill South, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Summary: The Squirrel Hill South real estate market had 38 homes for sale in April 2024, a 31.0% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Squirrel Hill South 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 increased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Squirrel Hill South, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Squirrel Hill South in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Squirrel Hill South, PA
How long does it take to sell a home in Squirrel Hill South, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 108 Days | +68.7% |
Summary: Homes in Squirrel Hill South had an average of 108 days on market in Apr 2024, up by 68.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Squirrel Hill South are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Squirrel Hill South; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
