Whether you’re a seasoned real estate pro or just a regular homeowner trying to sell their house for the first time, having a keen understanding of real estate market trends is essential.
This holds true for properties throughout the United States and the picturesque suburb of Green Tree, PA, is no exception to the rule.
The local housing market in Green Tree is constantly evolving, and market trends can shift very quickly. Staying informed about these ever-changing trends is especially important if you’re looking to sell your property quickly and efficiently with minimal costs involved!
In this post, we examine the features of the neighborhood and local real estate market trends to help you gain a better understanding of market trends to help you sell your house fast in Green Tree, PA.
Understanding the Green Tree, PA Neighborhood
Green Tree is a borough of Allegheny County in Pennsylvania and is located just outside the city center of Pittsburgh to the south-west. Despite its close proximity to the city center, the suburb has a rural suburban feel to it and is one of the best suburbs in the area to settle down if you’re looking for some peace and quiet outside the hustle and bustle of city life.
In addition, it takes less than 10 minutes to get to downtown Pittsburgh by car and just over 15 minutes by bus. This means that commuting is incredibly convenient as well for individuals with jobs in the city but who want to live in a more suburban environment. It’s no wonder that the suburb has been consistently ranked as one of the best suburbs for young professionals in Pennsylvania.
Safety
The neighborhood is one of the safest neighborhoods in Pittsburgh with an extremely low rate of both violent and property crimes. On average, there are just 20.8 instances of assault per 100,000 residents in Green Tree, much lower than the national average of 282.7 per 100,000 residents. Moreover, there are also virtually no reports of other violent crimes such as robberies in the neighborhood.
For property crimes, the incidence rates in Green Tree are also significantly and consistently lower than the national average. On average, there are just 20.8 burglaries, 478.3 thefts and 62.4 motor vehicle thefts annually per 100,000 residents in the neighborhood.
Schools
Within the bounds of the suburb, you will find Fred L. Aiken Elementary School, which provides parents of young children with a school that they can conveniently send their children to in the mornings without having to travel too far.
The neighborhood is also served by plenty of other great public and private schools of all levels. Notably, there are the Shady Side Academy, The Ellis School and the Winchester Thurston School, both of which are ranked in the top 30 private high schools in Pennsylvania. Thus, you can rest assured that your children will receive a quality education when you stay in Green Tree.
Amenities
There are also plenty of green spaces within Green Tree, including the Green Tree Park, Wilson Park, Parkedge Park and the Green Tree Nature Centre, all of which provide residents with outdoor spaces to relax and wind down.
Additionally, there are several stores, supermarkets and restaurants in the suburb. The small size of the suburb also means that these amenities are generally all located within walking distance, offering significant convenience to residents. Last but not least, residents can also make the short drive into town on weekends to access additional amenities and entertainment options.
A Guide to the Green Tree, PA Real Estate Market
One factor contributing to the rural suburban feel of Green Tree is also the relatively small population in the suburb compared to other Pittsburgh suburbs. Green Tree is home to just 4,870 residents, with a high home ownership rate of 73% and just 27% of residents renting their homes.
Compared to other neighborhoods in the vicinity, property prices in Green Tree are relatively higher. The median home value in the suburb is $229,700 and the median rent is $1,571.
The Impact of Market Trends on Home Sales
There are several ways that market trends can impact home sales, including:
Time on Market
The market demand for homes can affect how quickly you are able to sell your home. If market demand is trending upwards, you will likely be able to sell your home in as little as a few days or even hours. However, in a market with lower demand, homes may spend a much longer time on the market before being sold. For instance, in Green Tree, market demand over the last few years has trended downward, with homes spending an average of 80 days on the market in 2022.
Pricing
Similarly, market trends can also influence property prices in a real estate market. As demand for homes in an area goes up, buyers typically become willing to pay more for homes, driving property prices up. Conversely, if it is a buyer’s market with an abundance of homes for sale, prices can tend to trend downward.
Sell Your House Fast in Green Tree, PA to HomeBuyers of Pittsburgh
If you’d rather not deal with the hassle of checking market trends regularly, consider selling your home to HomeBuyers of Pittsburgh instead. HomeBuyers of Pittsburgh is a professional homebuying company and we buy homes for cash. When you sell your home directly to us, we’ll handle every part of the selling process from appraisal to closing, saving you time, effort and realtor fees.
Additionally, if your goal is to sell your house fast in Green Tree, PA, we can also help you close on your home sale in as little as 21 days. We buy homes in as-is condition, meaning that you won’t need to spend any time touching up your property or staging it for an open house.
For more information about our offerings, contact us today and let us help you sell your home.
