Is Shenango 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, Shenango Township has remained a Seller's Market.
Key Takeaway
Shenango Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shenango Township, PA
How much do homes in Shenango Township, PA cost?
Median Sold Price
$178,950
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shenango Township have sold for 13.6% less than they did a year ago.
Summary: The median home sold price in Shenango Township was $178,950 in May 2024, down 13.6% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | - | N/A |
| 2 Bedrooms | $178.7K | $140K | -21.7% |
| 3 Bedrooms | $175K | $199K | +13.7% |
| 4 Bedrooms | $317.5K | $207.5K | -34.6% |
| 5+ Bedrooms | - | $190K | N/A |
Summary: Shenango 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 decreased by 21.7%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 34.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Slippery Rock Township | $228K | $255K | +11.8% |
| New Castle | $128K | $129.9K | +1.5% |
| Shenango Township | $207K | $178.9K | -13.6% |
Housing Supply in Shenango Township, PA
How many homes are available in Shenango Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Shenango Township real estate market had 13 homes for sale in May 2024, a 30.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shenango 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 increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shenango Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Shenango Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Shenango Township, PA
How long does it take to sell a home in Shenango Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 25 Days | -59.1% |
Summary: Homes in Shenango Township had an average of 25 days on market in May 2024, down by 59.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shenango Township has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Shenango Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
