Is Indiana Township, 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, Indiana Township has remained a Seller's Market.
Key Takeaway
Indiana Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indiana Township, PA
How much do homes in Indiana Township, PA cost?
Median Sold Price
$214,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indiana Township have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Indiana Township was $214,000 in May 2024, up 9.7% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119.5K | $130.4K | +9.1% |
| 3 Bedrooms | $186.4K | $205K | +10.0% |
| 4 Bedrooms | $253K | $343.5K | +35.8% |
| 5+ Bedrooms | $560.5K | $303K | -45.9% |
Summary: Indiana Township 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 9.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 35.8%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Cities
| Harmar Township | $212.4K | $325K | +53.0% |
| Indiana Township | $195K | $214K | +9.7% |
| Fox Chapel | $860K | $930K | +8.1% |
| O'Hara Township | $410.9K | $430K | +4.7% |
Housing Supply in Indiana Township, PA
How many homes are available in Indiana Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 105 | +14.1% |
Summary: The Indiana Township real estate market had 105 homes for sale in May 2024, a 14.1% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 43 | 51 | +18.6% |
| 4 Bedrooms | 27 | 30 | +11.1% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Indiana Township 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 increased by 12.5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indiana Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Indiana Township in May 2024, down by 13.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 5% were sold at asking, and 45% were sold over asking.
Days on Market for Indiana Township, PA
How long does it take to sell a home in Indiana Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 66 Days | 59 Days | -10.7% |
Summary: Homes in Indiana Township had an average of 59 days on market in May 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indiana Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Indiana Township; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
