Is McKeesport, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McKeesport has remained a Seller's Market.
Key Takeaway
McKeesport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McKeesport, PA
How much do homes in McKeesport, PA cost?
Median Sold Price
$100,316
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in McKeesport have sold for 25.4% more than they did a year ago.
Summary: The median home sold price in McKeesport was $100,316 in April 2024, up 25.4% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $109K | -0.8% |
| 2 Bedrooms | $72K | $71K | -1.4% |
| 3 Bedrooms | $80.3K | $105K | +30.8% |
| 4 Bedrooms | $146K | $135K | -7.5% |
| 5+ Bedrooms | $18K | $95K | +427.8% |
Summary: McKeesport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 427.8%.
Housing Supply in McKeesport, PA
How many homes are available in McKeesport, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 132 | 157 | +18.9% |
Summary: The McKeesport real estate market had 157 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 40 | 43 | +7.5% |
| 3 Bedrooms | 70 | 88 | +25.7% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The McKeesport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McKeesport, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in McKeesport in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 41% were sold under asking, 11% were sold at asking, and 48% were sold over asking.
Days on Market for McKeesport, PA
How long does it take to sell a home in McKeesport, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 74 Days | +12.8% |
Summary: Homes in McKeesport had an average of 74 days on market in Apr 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McKeesport are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in McKeesport; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.