Is Shaler Township, 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, Shaler Township has remained a Seller's Market.
Key Takeaway
Shaler Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shaler Township, PA
How much do homes in Shaler Township, PA cost?
Median Sold Price
$265,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shaler Township have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Shaler Township was $265,000 in May 2024, up 2.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.2K | $76.2K | -43.6% |
| 2 Bedrooms | $190K | $183K | -3.7% |
| 3 Bedrooms | $255K | $265.3K | +4.1% |
| 4 Bedrooms | $320K | $337K | +5.3% |
| 5+ Bedrooms | $375K | $339K | -9.6% |
Summary: Shaler Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.6%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Etna | $165K | $181K | +9.7% |
| Glenshaw | $270K | $292.5K | +8.3% |
| Shaler Township | $259.6K | $265K | +2.1% |
| Sharpsburg | $156K | $144.3K | -7.5% |
Housing Supply in Shaler Township, PA
How many homes are available in Shaler Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 95 | +6.7% |
Summary: The Shaler Township real estate market had 95 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 | 14 | 14 | 0.0% |
| 3 Bedrooms | 63 | 59 | -6.3% |
| 4 Bedrooms | 12 | 19 | +58.3% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Shaler 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shaler Township, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Shaler Township in May 2024, up by 28.0% month-over-month. Of the 32 sold homes, 41% were sold under asking, 16% were sold at asking, and 44% were sold over asking.
Days on Market for Shaler Township, PA
How long does it take to sell a home in Shaler Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +64.2% |
Summary: Homes in Shaler Township had an average of 31 days on market in May 2024, up by 64.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shaler Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Shaler Township; 59% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
