Is O'Hara Township, 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, O'Hara Township was a Neutral Market.
Key Takeaway
O'Hara Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in O'Hara Township, PA
How much do homes in O'Hara Township, PA cost?
Median Sold Price
$430,026
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in O'Hara Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in O'Hara Township was $430,026 in May 2024, up 4.7% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $291K | N/A |
| 2 Bedrooms | $214.9K | $320K | +48.9% |
| 3 Bedrooms | $312K | $320K | +2.6% |
| 4 Bedrooms | $485K | $593.2K | +22.3% |
| 5+ Bedrooms | $587.5K | $672.5K | +14.5% |
Summary: O'Hara Township 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 48.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Fox Chapel | $860K | $930K | +8.1% |
| Aspinwall | $360.5K | $377.7K | +4.8% |
| O'Hara Township | $410.9K | $430K | +4.7% |
| Sharpsburg | $156K | $144.3K | -7.5% |
Housing Supply in O'Hara Township, PA
How many homes are available in O'Hara Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Summary: The O'Hara Township real estate market had 42 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The O'Hara Township 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 25%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in O'Hara Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in O'Hara Township in May 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for O'Hara Township, PA
How long does it take to sell a home in O'Hara Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 88 Days | +355.8% |
Summary: Homes in O'Hara Township had an average of 88 days on market in May 2024, up by 355.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in O'Hara Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in O'Hara Township; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
