Is Bethel Park, 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, Bethel Park has remained a Seller's Market.
Key Takeaway
Bethel Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethel Park, PA
How much do homes in Bethel Park, PA cost?
Median Sold Price
$279,983
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bethel Park have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Bethel Park was $279,983 in May 2024, up 5.8% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $128K | +6.7% |
| 2 Bedrooms | $174K | $199.5K | +14.7% |
| 3 Bedrooms | $251.3K | $265K | +5.4% |
| 4 Bedrooms | $353.5K | $374.9K | +6.1% |
| 5+ Bedrooms | $350K | $399K | +14.0% |
Summary: Bethel Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Upper Saint Clair Township | $405K | $455K | +12.3% |
| Bethel Park | $264.6K | $279.9K | +5.8% |
| Castle Shannon | $185K | $195K | +5.4% |
| South Park Township | $256K | $259.9K | +1.5% |
| South Park | $263.7K | $255K | -3.3% |
Housing Supply in Bethel Park, PA
How many homes are available in Bethel Park, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 93 | +38.8% |
Summary: The Bethel Park real estate market had 93 homes for sale in May 2024, a 38.8% 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 | 13 | 12 | -7.7% |
| 3 Bedrooms | 27 | 36 | +33.3% |
| 4 Bedrooms | 21 | 37 | +76.2% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Bethel Park 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 decreased by 7.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 76.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethel Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Bethel Park in May 2024, up by 5.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Bethel Park, PA
How long does it take to sell a home in Bethel Park, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 43 Days | +25.0% |
Summary: Homes in Bethel Park had an average of 43 days on market in May 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethel Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Bethel Park; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
