Rankin Housing Market Report December 2024•Allegheny County, Pennsylvania

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Housing Prices in Rankin, PA

How much do homes in Rankin, PA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$74,900$54/SqFt
+$23,950
+47.0%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Rankin has increased by 47% since last year.

Summary: The median home list price in Rankin was $74,900 in December 2024, up 47% from the previous year, and the median price per square foot was $54.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Rankin
+47.0%
Swissvale
+10.9%
Braddock
+8.3%
North Braddock
+6.7%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1--
N/A
2$57.4K$69.4K
+20.9%
3$56.4K$92.5K
+63.9%
4-$50K
N/A
5$50.9K$45K
-11.7%

Summary: Rankin housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +20.9%. The home price for 3 bedroom homes increased by +63.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -11.7%.

Housing supply in Rankin, PA

How many homes are available in Rankin, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
7Last MonthDec 2024
62 months agoNov 2024
+16.7 %
Change MoMNov – Dec

Summary: The Rankin real estate market had 7 homes for sale in Dec 2024, a 16.7 % increase compared to Nov 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
224
+100.0%
343
-25.0%
400
0.0%
500
0.0%

Summary: Rankin housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Rankin, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Rankin, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Rankin in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Rankin, PA

How long does it take to sell a home in Rankin, PA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Rankin are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Rankin; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
80 DaysThis YearDec 2024
118 Days1 year agoDec 2023
-32.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Rankin had an average listing age of 80 days in Dec 2024, down by 32.2% compared to the previous year.

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Newest Listings in Rankin, PA

What homes are available in Rankin, PA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from West Penn Multi-List Inc., for the period 01/01/2023 - 01/01/2025

IDX The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Copyright © 2025 West Penn Multi-List, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.