As I mentioned in last week’s blog, the last few months have been quite favorable for interested Pittsburgh home sellers.
And recent data from the real estate website Trulia supports that claim!
After all, according to their data, both the median sales price as well as the average listing price have shown year-over-year increases in recent weeks.
Continue reading to learn more!
Pittsburgh, PA Homes
Here’s an overview of the current state of the Pittsburgh real estate market, based on recent data:
- Currently there are 3,061 homes for sale on the real estate market, including 1,563 in some stage of the foreclosure process
- Between March and May, the average price per square foot for Pittsburgh homes was $94, up 5.6 percent when compared to the same period in 2011.
- Also during the period, the median sales price was $128,950, based on 1,266 home sales.
- When compared to the year before, the median sales price increased by 4 percent.
- Here’s how nearby communities compared when it came to median sales price:
West Mifflin: $76,500
West Homestead: $29,700
- Also, the total number of home sales decreased by 5.5 percent.
- During the week ending on June 13, the average listing price for Pittsburgh homes was $227,059, unchanged from the week before.
- And here’s how nearby communities stacked up in terms of average listing price:
West Mifflin: $129,940
West Homestead: $82,091
- During the week ending on June 13, the median sales price for a 1-bedroom Pittsburgh home was $92,000
- The median sales price for a 2-bedroom home was $102,750
- And the median sales price for 3- and 4- bedroom Pittsburgh homes were $124,900 and $222,000 respectively
Your Dedicated Pittsburgh, Pennsylvania REALTOR
As you can see, the outlook on the Pittsburgh housing market for home sellers is a lot brighter than it used to be several months ago.
Not only are more homes selling, but they’re selling for higher prices than they were selling for last year!
When you do, I’ll provide you with helpful and relevant recent sold data in the Pittsburgh area as well as answer any questions you may have.
Until next time,