Is Belle Vernon, 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, Belle Vernon has remained a Seller's Market.
Housing Prices in Belle Vernon, PA
How much do homes in Belle Vernon, PA cost?
Median Sold Price
$195,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Belle Vernon was $195,000 in May 2024, down 2.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.9K | - | N/A |
2 Bedrooms | $115K | $158.5K | +37.8% |
3 Bedrooms | $185K | $195.7K | +5.8% |
4 Bedrooms | $320K | $334.9K | +4.7% |
5+ Bedrooms | $389.9K | $188K | -51.8% |
Summary: Belle Vernon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Cities
North Belle Vernon | $119.9K | $150K | +25.1% |
Rostraver Township | $237.5K | $245K | +3.2% |
Belle Vernon | $200K | $195K | -2.5% |
Monessen | $103K | $95K | -7.8% |
Housing Supply in Belle Vernon, PA
How many homes are available in Belle Vernon, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 64 | +36.2% |
Summary: The Belle Vernon real estate market had 64 homes for sale in May 2024, a 36.2% 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 | 6 | 12 | +100.0% |
3 Bedrooms | 21 | 28 | +33.3% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Belle Vernon 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 15 | +114.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Belle Vernon in May 2024, up by 114.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for Belle Vernon, PA
How long does it take to sell a home in Belle Vernon, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 58 Days | +81.6% |
Summary: Homes in Belle Vernon had an average of 58 days on market in May 2024, up by 81.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Belle Vernon; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.