Is Coraopolis, 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, Coraopolis has remained a Seller's Market.
Key Takeaway
Coraopolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coraopolis, PA
How much do homes in Coraopolis, PA cost?
Median Sold Price
$282,625
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coraopolis have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Coraopolis was $282,625 in May 2024, up 6.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81K | $88.5K | +9.3% |
| 2 Bedrooms | $137K | $161.1K | +17.6% |
| 3 Bedrooms | $259.9K | $276K | +6.2% |
| 4 Bedrooms | $425K | $425K | 0.0% |
| 5+ Bedrooms | $340K | $405.5K | +19.3% |
Summary: Coraopolis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Coraopolis | $265.3K | $282.6K | +6.5% |
| Moon Township | $311K | $299.9K | -3.5% |
Housing Supply in Coraopolis, PA
How many homes are available in Coraopolis, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 149 | +30.7% |
Summary: The Coraopolis real estate market had 149 homes for sale in May 2024, a 30.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 22 | 30 | +36.4% |
| 3 Bedrooms | 56 | 68 | +21.4% |
| 4 Bedrooms | 31 | 41 | +32.3% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Coraopolis 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 increased by 36.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 42 | +50.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coraopolis, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Coraopolis in May 2024, up by 50.0% month-over-month. Of the 42 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Coraopolis, PA
How long does it take to sell a home in Coraopolis, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 26 Days | -31.1% |
Summary: Homes in Coraopolis had an average of 26 days on market in May 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coraopolis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Coraopolis; 67% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
