Is Tarentum, 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, Tarentum was a Seller's Market.
Housing Prices in Tarentum, PA
How much do homes in Tarentum, PA cost?
Median Sold Price
$132,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tarentum was $132,000 in May 2024, down 11.4% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.2K | $50.5K | -35.5% |
2 Bedrooms | $135.4K | $127.1K | -6.1% |
3 Bedrooms | $149.9K | $129.8K | -13.4% |
4 Bedrooms | $265K | $163.9K | -38.1% |
5+ Bedrooms | $118.5K | $144.9K | +22.3% |
Summary: Tarentum housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.5%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 38.1%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
New Kensington | $157.7K | $168.3K | +6.7% |
Tarentum | $149K | $132K | -11.4% |
Brackenridge | $125K | $109.5K | -12.4% |
Housing Supply in Tarentum, PA
How many homes are available in Tarentum, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 32 | +10.3% |
Summary: The Tarentum real estate market had 32 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Tarentum housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Tarentum in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Tarentum, PA
How long does it take to sell a home in Tarentum, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 56 Days | +2.6% |
Summary: Homes in Tarentum had an average of 56 days on market in May 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
4 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, 5 homes were sold in Tarentum; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.