Farrell, PA 16121 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market signal is the median sold price of 70,000, which indicates realized transaction values are substantially below the median listing price of 110,000, suggesting sellers often accept offers below initial ask and creating pricing friction between expectations and closed sales; down price momentum reinforces this gap.
2. The median days on market of 55 points to slower sales velocity and reduced liquidity compared with faster-moving markets, which may indicate that buyers are selective and that sellers may need to price more competitively to reduce time to contract; slower sales velocity.
3. Marketplace context shows a cold market temperature and elevated financing costs; the reported current 30-year fixed mortgage rate of 7.39% and elevated interest rate pressure appear to be constraining buyer purchasing power and contributing to the market cooling.
4. Rental metrics are incomplete for trend analysis: the median market rent of 900 is available, but the rent year-over-year trend is null, which may indicate insufficient rental transaction data or reporting lag in the sample and prevents reliable assessment of near-term rental momentum.

Notable Properties

The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.