Is McKeesport, 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, McKeesport has remained a Seller's Market.
Housing Prices in McKeesport, PA
How much do homes in McKeesport, PA cost?
Median Sold Price
$104,725
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in McKeesport was $104,725 in May 2024, down 4.8% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $84.4K | -6.1% |
2 Bedrooms | $79.9K | $81.1K | +1.6% |
3 Bedrooms | $115K | $109.9K | -4.4% |
4 Bedrooms | $150K | $125K | -16.7% |
5+ Bedrooms | $18K | $125K | +594.4% |
Summary: McKeesport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 594.4%.
Housing Supply in McKeesport, PA
How many homes are available in McKeesport, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 142 | -2.1% |
Summary: The McKeesport real estate market had 142 homes for sale in May 2024, a 2.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 39 | 40 | +2.6% |
3 Bedrooms | 81 | 82 | +1.2% |
4 Bedrooms | 20 | 14 | -30.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The McKeesport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 30 | +7.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in McKeesport in May 2024, up by 7.1% month-over-month. Of the 30 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for McKeesport, PA
How long does it take to sell a home in McKeesport, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 40 Days | -36.2% |
Summary: Homes in McKeesport had an average of 40 days on market in May 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in McKeesport; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.