Is Verona, 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, Verona has remained a Seller's Market.
Key Takeaway
Verona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Verona, PA
How much do homes in Verona, PA cost?
Median Sold Price
$170,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Verona have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Verona was $170,000 in April 2024, up 0.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $145K | +29.5% |
| 2 Bedrooms | $134.9K | $120K | -11.1% |
| 3 Bedrooms | $169.9K | $170K | 0.0% |
| 4 Bedrooms | $190.1K | $220K | +15.7% |
| 5+ Bedrooms | $131K | $407.5K | +211.1% |
Summary: Verona housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 211.1%.
Median Sold Price Compared To Nearby Cities
| Oakmont | $307.2K | $340K | +10.7% |
| Penn Hills Township | $163.9K | $165K | +0.7% |
| Verona | $168.9K | $170K | +0.6% |
Housing Supply in Verona, PA
How many homes are available in Verona, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 68 | +3.0% |
Summary: The Verona real estate market had 68 homes for sale in April 2024, a 3.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 43 | 46 | +7.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Verona housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 25 | +56.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Verona, you could pay more than the asking price. 44% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Verona in April 2024, up by 56.3% month-over-month. Of the 25 sold homes, 36% were sold under asking, 20% were sold at asking, and 44% were sold over asking.
Days on Market for Verona, PA
How long does it take to sell a home in Verona, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 34 Days | -31.2% |
Summary: Homes in Verona had an average of 34 days on market in Apr 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Verona are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Verona; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
