Is Ambridge, 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, Ambridge has remained a Seller's Market.
Key Takeaway
Ambridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ambridge, PA
How much do homes in Ambridge, PA cost?
Median Sold Price
$135,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ambridge have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Ambridge was $135,000 in May 2024, up 3.9% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42K | $85.7K | +104.2% |
| 2 Bedrooms | $99K | $95.8K | -3.2% |
| 3 Bedrooms | $141K | $149.2K | +5.8% |
| 4 Bedrooms | $139.9K | $149.9K | +7.1% |
| 5+ Bedrooms | $141K | $158.5K | +12.4% |
Summary: Ambridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104.2%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Harmony Township | $275K | $294.3K | +7.0% |
| Ambridge | $129.9K | $135K | +3.9% |
| Leet Township | $355K | $311.7K | -12.2% |
Housing Supply in Ambridge, PA
How many homes are available in Ambridge, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Summary: The Ambridge real estate market had 55 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 24 | 31 | +29.2% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ambridge 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 remained the same, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 19 | +111.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ambridge, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Ambridge in May 2024, up by 111.1% month-over-month. Of the 19 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market for Ambridge, PA
How long does it take to sell a home in Ambridge, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 40 Days | +59.3% |
Summary: Homes in Ambridge had an average of 40 days on market in May 2024, up by 59.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ambridge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Ambridge; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
