Is Plum, 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, Plum has remained a Seller's Market.
Key Takeaway
Plum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plum, PA
How much do homes in Plum, PA cost?
Median Sold Price
$240,250
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Plum has remained the same since last year.
Summary: The median home sold price in Plum was $240,250 in May 2024, up 0.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $89K | +18.7% |
| 2 Bedrooms | $130K | $145.7K | +12.1% |
| 3 Bedrooms | $220K | $235K | +6.8% |
| 4 Bedrooms | $280K | $380K | +35.7% |
| 5+ Bedrooms | $321.2K | $437K | +36.0% |
Summary: Plum housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 36%.
Median Sold Price Compared To Nearby Cities
| Cheswick | $210K | $225.5K | +7.4% |
| Penn Hills Township | $164.1K | $165.7K | +1.0% |
| Plum | $239.9K | $240.2K | 0.1% |
| Springdale Township | $153K | $146K | -4.6% |
| Springdale | $153K | $140K | -8.5% |
Housing Supply in Plum, PA
How many homes are available in Plum, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 89 | +12.7% |
Summary: The Plum real estate market had 89 homes for sale in May 2024, a 12.7% 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 43 | 46 | +7.0% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Plum 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 decreased by 9.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 31 | +63.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plum, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Plum in May 2024, up by 63.2% month-over-month. Of the 31 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% were sold over asking.
Days on Market for Plum, PA
How long does it take to sell a home in Plum, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 31 Days | -22.9% |
Summary: Homes in Plum had an average of 31 days on market in May 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plum are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Plum; 61% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
