Is Baldwin, 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, Baldwin has remained a Seller's Market.
Key Takeaway
Baldwin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baldwin, PA
How much do homes in Baldwin, PA cost?
Median Sold Price
$215,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Baldwin have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Baldwin was $215,000 in May 2024, up 4.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.7K | - | N/A |
| 2 Bedrooms | $160K | $178K | +11.3% |
| 3 Bedrooms | $210K | $217K | +3.3% |
| 4 Bedrooms | $250K | $259.5K | +3.8% |
| 5+ Bedrooms | $248K | $360K | +45.2% |
Summary: Baldwin 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 increased by 11.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 45.2%.
Median Sold Price Compared To Nearby Cities
| Brentwood | $165K | $180K | +9.1% |
| Pleasant Hills | $251.4K | $272K | +8.2% |
| Whitehall | $270K | $290.6K | +7.7% |
| Baldwin | $205K | $215K | +4.9% |
| West Mifflin | $167.5K | $165K | -1.5% |
Housing Supply in Baldwin, PA
How many homes are available in Baldwin, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 80 | +12.7% |
Summary: The Baldwin real estate market had 80 homes for sale in May 2024, a 12.7% increase 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 | 11 | 12 | +9.1% |
| 3 Bedrooms | 43 | 53 | +23.3% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Baldwin 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 increased by 9.1%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baldwin, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Baldwin in May 2024, down by 10.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.
Days on Market for Baldwin, PA
How long does it take to sell a home in Baldwin, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 23 Days | -51.7% |
Summary: Homes in Baldwin had an average of 23 days on market in May 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Baldwin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Baldwin; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
