Is Imperial, 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, Imperial has remained a Seller's Market.
Key Takeaway
Imperial is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Imperial, PA
How much do homes in Imperial, PA cost?
Median Sold Price
$329,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Imperial have sold for 24.2% more than they did a year ago.
Summary: The median home sold price in Imperial was $329,000 in May 2024, up 24.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $160K | $177K | +10.6% |
| 3 Bedrooms | $265K | $304.5K | +14.9% |
| 4 Bedrooms | $406.8K | $409.7K | +0.7% |
| 5+ Bedrooms | $550K | $495K | -10.0% |
Summary: Imperial 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 10.6%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Imperial | $265K | $329K | +24.2% |
| Findlay Township | $310K | $370K | +19.4% |
| North Fayette Township | $255K | $285K | +11.8% |
Housing Supply in Imperial, PA
How many homes are available in Imperial, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Imperial real estate market had 32 homes for sale in May 2024, a 6.7% 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 | 5 | 8 | +60.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Imperial 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 60%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Imperial, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Imperial in May 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for Imperial, PA
How long does it take to sell a home in Imperial, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 20 Days | -33.2% |
Summary: Homes in Imperial had an average of 20 days on market in May 2024, down by 33.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Imperial are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Imperial; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
