Is Vandergrift, 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, Vandergrift has remained a Seller's Market.
Key Takeaway
Vandergrift is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vandergrift, PA
How much do homes in Vandergrift, PA cost?
Median Sold Price
$102,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vandergrift have sold for 18.4% less than they did a year ago.
Summary: The median home sold price in Vandergrift was $102,000 in May 2024, down 18.4% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $17K | -69.1% |
| 2 Bedrooms | $77.4K | $82K | +5.9% |
| 3 Bedrooms | $130K | $103K | -20.8% |
| 4 Bedrooms | $138.1K | $134.5K | -2.6% |
| 5+ Bedrooms | $62.7K | $109.9K | +75.1% |
Summary: Vandergrift housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 75.1%.
Housing Supply in Vandergrift, PA
How many homes are available in Vandergrift, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The Vandergrift real estate market had 46 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vandergrift housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vandergrift, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Vandergrift in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Vandergrift, PA
How long does it take to sell a home in Vandergrift, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 51 Days | +34.6% |
Summary: Homes in Vandergrift had an average of 51 days on market in May 2024, up by 34.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Vandergrift has remained consistent over time.
Summary: During May 2024, 11 homes were sold in Vandergrift; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
