Is Allison 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, Allison Park has remained a Seller's Market.
Key Takeaway
Allison Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allison Park, PA
How much do homes in Allison Park, PA cost?
Median Sold Price
$341,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Allison Park have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Allison Park was $341,000 in May 2024, up 4.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $224K | $300K | +33.9% |
| 3 Bedrooms | $281K | $300.5K | +6.9% |
| 4 Bedrooms | $430K | $450K | +4.7% |
| 5+ Bedrooms | $720K | $532.7K | -26.0% |
Summary: Allison 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 33.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
| Glenshaw | $270K | $292.5K | +8.3% |
| McCandless Township | $344.9K | $369.2K | +7.0% |
| Hampton Township | $349.5K | $370K | +5.9% |
| Allison Park | $325K | $341K | +4.9% |
| Gibsonia | $412.8K | $408.7K | -1.0% |
Housing Supply in Allison Park, PA
How many homes are available in Allison Park, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 81 | +2.5% |
Summary: The Allison Park real estate market had 81 homes for sale in May 2024, a 2.5% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Allison 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 remained the same, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allison Park, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Allison Park in May 2024, down by 15.4% month-over-month. Of the 22 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Allison Park, PA
How long does it take to sell a home in Allison Park, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +4.5% |
Summary: Homes in Allison Park had an average of 18 days on market in May 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Allison Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Allison Park; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
