Is Youngwood, 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, Youngwood has remained a Seller's Market.
Key Takeaway
Youngwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Youngwood, PA
How much do homes in Youngwood, PA cost?
Median Sold Price
$155,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Youngwood have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Youngwood was $155,000 in May 2024, up 4.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $128.7K | -22.0% |
| 3 Bedrooms | $145K | $171.5K | +18.3% |
| 4 Bedrooms | $155K | $183K | +18.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Youngwood 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 22%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hempfield Township | $234.9K | $250K | +6.4% |
| Youngwood | $147.9K | $155K | +4.8% |
| New Stanton | $292.7K | $259.9K | -11.2% |
Housing Supply in Youngwood, PA
How many homes are available in Youngwood, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Youngwood real estate market had 15 homes for sale in May 2024, a 16.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Youngwood 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 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Youngwood, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Youngwood in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Youngwood, PA
How long does it take to sell a home in Youngwood, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 15 Days | +155.6% |
Summary: Homes in Youngwood had an average of 15 days on market in May 2024, up by 155.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Youngwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Youngwood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
