Is Avella, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Avella was a Seller's Market.
Housing Prices in Avella, PA
How much do homes in Avella, PA cost?
Median Sold Price
$132,750
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Avella was $132,750 in May 2024, down 23.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $129K | $115K | -10.9% |
3 Bedrooms | $174K | $189.9K | +9.1% |
4 Bedrooms | $414K | $235K | -43.2% |
5+ Bedrooms | $234.2K | $805K | +243.6% |
Summary: Avella housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 43.2%, and 5+ bedroom homes increased by 243.6%.
Housing Supply in Avella, PA
How many homes are available in Avella, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The Avella real estate market had 6 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Avella 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Avella in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Avella, PA
How long does it take to sell a home in Avella, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 54 Days | +200.0% |
Summary: Homes in Avella had an average of 54 days on market in May 2024, up by 200% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Avella; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.