Is Pitcairn, 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, Pitcairn has remained a Seller's Market.
Key Takeaway
Pitcairn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pitcairn, PA
How much do homes in Pitcairn, PA cost?
Median Sold Price
$89,950
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pitcairn have sold for 28.5% more than they did a year ago.
Summary: The median home sold price in Pitcairn was $89,950 in May 2024, up 28.5% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $49K | $80K | +63.3% |
| 3 Bedrooms | $71.2K | $122.7K | +72.3% |
| 4 Bedrooms | $89K | $78.5K | -11.8% |
| 5+ Bedrooms | $96K | $65K | -32.3% |
Summary: Pitcairn 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 63.3%, 3 bedroom homes increased by 72.3%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 32.3%.
Median Sold Price Compared To Nearby Cities
| Pitcairn | $70K | $89.9K | +28.5% |
| Monroeville | $217.5K | $228.8K | +5.2% |
Housing Supply in Pitcairn, PA
How many homes are available in Pitcairn, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Pitcairn real estate market had 9 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Pitcairn 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pitcairn, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pitcairn in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Pitcairn, PA
How long does it take to sell a home in Pitcairn, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 159 Days | 110 Days | -30.8% |
Summary: Homes in Pitcairn had an average of 110 days on market in May 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pitcairn has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Pitcairn; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
