Is Sewickley Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sewickley Township was a Seller's Market.
Key Takeaway
Sewickley Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sewickley Township, PA
How much do homes in Sewickley Township, PA cost?
Median Sold Price
$429,900
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sewickley Township have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Sewickley Township was $429,900 in May 2024, up 7.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $110.2K | -26.5% |
| 2 Bedrooms | $218.5K | $255.7K | +17.0% |
| 3 Bedrooms | $347.5K | $357.7K | +2.9% |
| 4 Bedrooms | $542K | $602.5K | +11.2% |
| 5+ Bedrooms | $1.0M | $915K | -14.9% |
Summary: Sewickley Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Herminie | $121.5K | $192.7K | +58.6% |
| Sewickley Township | $400K | $429.9K | +7.5% |
Housing Supply in Sewickley Township, PA
How many homes are available in Sewickley Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 139 | +21.9% |
Summary: The Sewickley Township real estate market had 139 homes for sale in May 2024, a 21.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 37 | 45 | +21.6% |
| 4 Bedrooms | 30 | 39 | +30.0% |
| 5+ Bedrooms | 26 | 34 | +30.8% |
Summary: The Sewickley Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sewickley Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Sewickley Township in May 2024, the same as the previous month. Of the 20 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Sewickley Township, PA
How long does it take to sell a home in Sewickley Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 52 Days | -28.1% |
Summary: Homes in Sewickley Township had an average of 52 days on market in May 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sewickley Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Sewickley Township; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
