Is Scott 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, Scott Township has remained a Seller's Market.
Housing Prices in Scott Township, PA
How much do homes in Scott Township, PA cost?
Median Sold Price
$242,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scott Township was $242,000 in May 2024, up 15.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | $86K | -25.2% |
2 Bedrooms | $159.9K | $169.9K | +6.3% |
3 Bedrooms | $238.4K | $266.2K | +11.7% |
4 Bedrooms | $292.7K | $305K | +4.2% |
5+ Bedrooms | $345.5K | $304.3K | -11.9% |
Summary: Scott Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
Scott Township | $209.2K | $242K | +15.7% |
Carnegie | $201.6K | $212.5K | +5.4% |
Mount Lebanon Township | $365K | $383.3K | +5.0% |
Heidelberg | $175K | $179.9K | +2.8% |
Housing Supply in Scott Township, PA
How many homes are available in Scott Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 67 | +19.6% |
Summary: The Scott Township real estate market had 67 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 33 | 39 | +18.2% |
4 Bedrooms | 4 | 10 | +150.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Scott 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 decreased by 15.4%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Scott Township in May 2024, down by 11.8% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Scott Township, PA
How long does it take to sell a home in Scott Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 48 Days | -2.1% |
Summary: Homes in Scott Township had an average of 48 days on market in May 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Scott Township; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.