Is Ellwood City, 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, Ellwood City has remained a Seller's Market.
Key Takeaway
Ellwood City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellwood City, PA
How much do homes in Ellwood City, PA cost?
Median Sold Price
$160,000
$120/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Ellwood City has remained the same since last year.
Summary: The median home sold price in Ellwood City was $160,000 in May 2024, the same as last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $15K | $75K | +400.0% |
| 2 Bedrooms | $132.5K | $165K | +24.5% |
| 3 Bedrooms | $165K | $157.4K | -4.6% |
| 4 Bedrooms | $189K | $182.5K | -3.4% |
| 5+ Bedrooms | $219.5K | $155K | -29.4% |
Summary: Ellwood City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 400%, 2 bedroom homes increased by 24.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 29.4%.
Median Sold Price Compared To Nearby Cities
| Wayne Township | $701.1K | $857.5K | +22.3% |
| North Sewickley Township | $211K | $225K | +6.6% |
| Ellport | $145K | $146.2K | +0.8% |
| Ellwood City | $160K | $160K | 0.0% |
Housing Supply in Ellwood City, PA
How many homes are available in Ellwood City, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 63 | 0.0% |
Summary: The Ellwood City real estate market had 63 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 35 | 33 | -5.7% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Ellwood City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellwood City, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Ellwood City in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.
Days on Market for Ellwood City, PA
How long does it take to sell a home in Ellwood City, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 67 Days | +14.9% |
Summary: Homes in Ellwood City had an average of 67 days on market in May 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ellwood City has remained consistent over time.
Summary: During May 2024, 14 homes were sold in Ellwood City; 36% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.