Is South Park, 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, South Park has remained a Seller's Market.
Housing Prices in South Park, PA
How much do homes in South Park, PA cost?
Median Sold Price
$255,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Park was $255,000 in May 2024, down 3.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | - | N/A |
2 Bedrooms | $160.5K | $175K | +9.0% |
3 Bedrooms | $255.5K | $249.9K | -2.2% |
4 Bedrooms | $407.5K | $370.7K | -9.0% |
5+ Bedrooms | $455K | $660K | +45.1% |
Summary: South Park 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 9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Cities
Jefferson Hills | $306.2K | $325.1K | +6.2% |
Bethel Park | $264.6K | $279.9K | +5.8% |
South Park Township | $256K | $259.9K | +1.5% |
South Park | $263.7K | $255K | -3.3% |
Housing Supply in South Park, PA
How many homes are available in South Park, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 36 | +28.6% |
Summary: The South Park real estate market had 36 homes for sale in May 2024, a 28.6% 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 | 4 | 6 | +50.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Park 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in South Park in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for South Park, PA
How long does it take to sell a home in South Park, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 24 Days | -56.2% |
Summary: Homes in South Park had an average of 24 days on market in May 2024, down by 56.2% 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
Summary: During May 2024, 8 homes were sold in South Park; 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.