Is Cheswick, 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, Cheswick was a Seller's Market.
Key Takeaway
Cheswick 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 Cheswick, PA
How much do homes in Cheswick, PA cost?
Median Sold Price
$225,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cheswick have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Cheswick was $225,500 in May 2024, up 7.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $171.9K | +14.6% |
| 3 Bedrooms | $210K | $225.5K | +7.4% |
| 4 Bedrooms | $350K | $304.5K | -13.0% |
| 5+ Bedrooms | $605.2K | $647.5K | +7.0% |
Summary: Cheswick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Harmar Township | $212.4K | $325K | +53.0% |
| Cheswick | $210K | $225.5K | +7.4% |
| Springdale Township | $153K | $146K | -4.6% |
| Springdale | $153K | $140K | -8.5% |
Housing Supply in Cheswick, PA
How many homes are available in Cheswick, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Cheswick real estate market had 18 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Cheswick 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 decreased by 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cheswick, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cheswick in May 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Cheswick, PA
How long does it take to sell a home in Cheswick, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 54 Days | +121.6% |
Summary: Homes in Cheswick had an average of 54 days on market in May 2024, up by 121.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cheswick are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Cheswick; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
