Is Belle Vernon, 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, Belle Vernon has remained a Seller's Market.
Key Takeaway
Belle Vernon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belle Vernon, PA
How much do homes in Belle Vernon, PA cost?
Median Sold Price
$135,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Belle Vernon have sold for 8% more than they did a year ago.
Summary: The median home sold price in Belle Vernon was $135,000 in May 2024, up 8% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56.2K | - | N/A |
| 2 Bedrooms | $100K | $99K | -1.0% |
| 3 Bedrooms | $162.9K | $135K | -17.1% |
| 4 Bedrooms | $308K | $150K | -51.3% |
| 5+ Bedrooms | $247.4K | $179K | -27.7% |
Summary: Belle Vernon 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 1%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 51.3%, and 5+ bedroom homes decreased by 27.7%.
Median Sold Price Compared To Nearby Cities
| North Belle Vernon | $119.9K | $150K | +25.1% |
| Belle Vernon | $125K | $135K | +8.0% |
| Rostraver Township | $237.5K | $245K | +3.2% |
| Washington Township | $213.7K | $215.3K | +0.7% |
| Belle Vernon | $200K | $195K | -2.5% |
Housing Supply in Belle Vernon, PA
How many homes are available in Belle Vernon, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 29 | +52.6% |
Summary: The Belle Vernon real estate market had 29 homes for sale in May 2024, a 52.6% 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 | 3 | 7 | +133.3% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Belle Vernon 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 133.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Vernon, 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 Belle Vernon in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Belle Vernon, PA
How long does it take to sell a home in Belle Vernon, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 77 Days | +99.8% |
Summary: Homes in Belle Vernon had an average of 77 days on market in May 2024, up by 99.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Belle Vernon are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 6 homes were sold in Belle Vernon; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
