Is South Side Flats, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Side Flats was a Seller's Market.
Key Takeaway
South Side Flats is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Side Flats, PA
How much do homes in South Side Flats, PA cost?
Median Sold Price
$297,750
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Side Flats have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in South Side Flats was $297,750 in May 2024, up 6.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $270K | +47.9% |
| 2 Bedrooms | $267K | $296.5K | +11.0% |
| 3 Bedrooms | $360K | $313.3K | -13.0% |
| 4 Bedrooms | $211K | $210K | -0.5% |
| 5+ Bedrooms | $270K | $224K | -17.0% |
Summary: South Side Flats housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.9%, 2 bedroom homes increased by 11%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
| South Side Flats | $280K | $297.7K | +6.3% |
| West District | $175K | $185K | +5.7% |
| South Side | $250K | $224.9K | -10.0% |
Housing Supply in South Side Flats, PA
How many homes are available in South Side Flats, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 68 | +1.5% |
Summary: The South Side Flats real estate market had 68 homes for sale in May 2024, a 1.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Side Flats housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Side Flats, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in South Side Flats in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for South Side Flats, PA
How long does it take to sell a home in South Side Flats, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 40 Days | -20.1% |
Summary: Homes in South Side Flats had an average of 40 days on market in May 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Side Flats are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in South Side Flats; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
