Homestead, PA Home Values & Market Trends

Real estate market trends reflect that there have been 317 transactions over the past year in Homestead. The median value for residential home transactions that occurred over the previous year is $149,125.26. The number of current listings in Homestead is 23, and the percentage of properties for sale in the city is 23.00%. Homestead, PA currently has 19 properties in foreclosure, 3 bank owned properties, 6 properties headed for auction, and 23 properties for sale.

Homestead, PA Real Estate Market Overview

ZipMedian Est. Value
15120

$ 163,400

$ 102/sqft

Housing Market Summary for Homestead, PA

Apr 2023March 2024Change
Median Listing Price$129.4K$128.5K-0.72%
Median Sold Price$123.5K$128.5K4.06%
Homes For Sale3819-50.00%
Homes Sold143130-9.09%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Homestead, PA

Homestead home values range from $17,166 to $1,085,332. The median estimated value of a home in Homestead is $149,125.26. The median list price of a home is 90,000, and the total count of properties in the city is 7,150.

Foreclosure
There is 1 zips within Homestead, PA; within this zips, the median estimated home value for homes in foreclosure ranges from $293,422 in 15120 to the lowest value of $31,530 in 15120. Foreclosure homes account for 0.00% of properties in Homestead, PA with 15120 containing 19 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.14% of all residential properties in Homestead, PA with 15120 containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Homestead, PA; of that zips, the estimated home value for pre-foreclosure homes ranges from $293,422 in 15120 to the lowest home value of $31,530 in 15120.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Homestead, PA ranges from the highest value of $171,750 in 15120 to the lowest value of $89,900 in 15120. Bank owned homes and properties account for 0.04% of properties in Homestead, PA. There is 1 zips within Homestead, PA; 15120 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    15120 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Homestead, PA. Auction homes and other auction properties account for 0.08% of all properties in Homestead, PA. There is 1 zips within Homestead, PA; of that zips, the median estimated home value for homes going to auction ranges from $283,056 in 15120 to the lowest value of $56,078 in 15120.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.32% of residential properties in Homestead, PA with 15120 containing 23 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Homestead, PA; homes for sale in that zips, have a range of median values from $258,951 in 15120 to the lowest value of $38,320 in 15120.
    Sold Homes
    The median value for recently sold homes ranges from $346,592 in 15120 to the lowest price of $27,980 in 15120. There is 1 zips within Homestead, PA. 15120 has 159 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.20% of properties in Homestead, PA.

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      Guide for Homestead, PA

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      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      RealtyTrac Market Report
      Pennsylvania
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Home Buying Guides & Tips
      Pennsylvania Foreclosure Laws
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      See More Articles
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      Market Reports|posted 28 February 2024

      Philadelphia saw fluctuations in property values, price per square foot, and number of homes sold for the last 12 months.

      RealtyTrac Market Report
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
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      Explore Philadelphia’s evolving property market in our latest blog post, where we analyze the notable trends in property values, cost per square foot, and the complexity of average sold prices within the city’s vibrant real estate landscape.

      Pennsylvania Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Pennsylvania Foreclosure Laws

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.