Metropolitan Statistical Area (MSA):
Selinsgrove, PA is a Metropolitan Statistical Area (MSA) comprising counties including .
There are a few different real estate trends happening in the Selinsgrove, PA metropolitan statistical area (MSA). First, the average home price in the MSA has been steadily increasing over the past few years. In 2016, the average home price was $155,000 and it increased to $176,000 in 2017. This is a good trend for sellers as they are able to get more money for their homes. However, this trend can make it difficult for buyers to afford a home in the MSA.
Another trend happening in the Selinsgrove MSA is that there has been an increase in new construction homes being built. This is good news for buyers who are looking for a brand new home. However, this trend can put pressure on existing homeowners as they may feel like they need to keep up with the Joneses and renovate or add on to their own homes.
Lastly, there has been an uptick in people moving into the Selinsgrove MSA from other parts of Pennsylvania and even other states. This is due to many factors such as job opportunities, lower cost of living, and quality of life. This trend is good news for sellers as it means there is more demand for housing in the area. However, it can also be bad news for buyers as competition increases and prices continue to rise.