Is Trafford, 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, Trafford has remained a Seller's Market.
Key Takeaway
Trafford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trafford, PA
How much do homes in Trafford, PA cost?
Median Sold Price
$175,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Trafford have sold for 18.6% less than they did a year ago.
Summary: The median home sold price in Trafford was $175,000 in May 2024, down 18.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $108.6K | $157K | +44.6% |
| 3 Bedrooms | $246.5K | $185K | -24.9% |
| 4 Bedrooms | $265K | $196.2K | -25.9% |
| 5+ Bedrooms | $519.9K | $184.4K | -64.5% |
Summary: Trafford 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 44.6%, 3 bedroom homes decreased by 24.9%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes decreased by 64.5%.
Median Sold Price Compared To Nearby Cities
| North Versailles Township | $126.5K | $138.4K | +9.4% |
| North Versailles | $130.5K | $139K | +6.5% |
| Monroeville | $217.5K | $228.8K | +5.2% |
| North Huntingdon Township | $230K | $234K | +1.7% |
| Trafford | $215K | $175K | -18.6% |
Housing Supply in Trafford, PA
How many homes are available in Trafford, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Trafford real estate market had 23 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Trafford 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Trafford, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Trafford in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Trafford, PA
How long does it take to sell a home in Trafford, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 6 Days | -68.8% |
Summary: Homes in Trafford had an average of 6 days on market in May 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trafford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Trafford; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
