Is Wilkinsburg, 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, Wilkinsburg has remained a Seller's Market.
Key Takeaway
Wilkinsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilkinsburg, PA
How much do homes in Wilkinsburg, PA cost?
Median Sold Price
$133,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wilkinsburg have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Wilkinsburg was $133,000 in May 2024, down 2.8% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $13.5K | - | N/A |
| 2 Bedrooms | $100K | $123K | +23.0% |
| 3 Bedrooms | $149.5K | $138.7K | -7.2% |
| 4 Bedrooms | $268K | $150K | -44.0% |
| 5+ Bedrooms | $295K | $246K | -16.6% |
Summary: Wilkinsburg 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 23%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 44%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Cities
| Forest Hills | $210K | $220.1K | +4.8% |
| Edgewood | $335K | $340.2K | +1.6% |
| Penn Hills Township | $164.1K | $165.7K | +1.0% |
| Wilkinsburg | $136.9K | $133K | -2.8% |
| Churchill | $262.5K | $239K | -9.0% |
Housing Supply in Wilkinsburg, PA
How many homes are available in Wilkinsburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 54 | -3.6% |
Summary: The Wilkinsburg real estate market had 54 homes for sale in May 2024, a 3.6% decrease 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 | 16 | 15 | -6.3% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Wilkinsburg 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 decreased by 6.3%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilkinsburg, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Wilkinsburg in May 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Wilkinsburg, PA
How long does it take to sell a home in Wilkinsburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 40 Days | -42.2% |
Summary: Homes in Wilkinsburg had an average of 40 days on market in May 2024, down by 42.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wilkinsburg has remained consistent over time.
Summary: During May 2024, 10 homes were sold in Wilkinsburg; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
