Is Freedom, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Freedom has remained a Seller's Market.
Key Takeaway
Freedom is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Freedom, PA
How much do homes in Freedom, PA cost?
Median Sold Price
$274,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Freedom have sold for 26% more than they did a year ago.
Summary: The median home sold price in Freedom was $274,000 in May 2024, up 26% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47K | $69.9K | +48.7% |
| 2 Bedrooms | $166K | $292.4K | +76.2% |
| 3 Bedrooms | $200K | $271.5K | +35.8% |
| 4 Bedrooms | $250K | $310K | +24.0% |
| 5+ Bedrooms | $322K | $176.2K | -45.3% |
Summary: Freedom housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.7%, 2 bedroom homes increased by 76.2%, 3 bedroom homes increased by 35.8%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 45.3%.
Median Sold Price Compared To Nearby Cities
| Freedom | $217.5K | $274K | +26.0% |
| New Sewickley Township | $260K | $320K | +23.1% |
| Rochester Township | $138.5K | $135.5K | -2.2% |
Housing Supply in Freedom, PA
How many homes are available in Freedom, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The Freedom real estate market had 24 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Freedom 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 increased by 100%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Freedom, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Freedom in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Freedom, PA
How long does it take to sell a home in Freedom, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 59 Days | +73.3% |
Summary: Homes in Freedom had an average of 59 days on market in May 2024, up by 73.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Freedom are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Freedom; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
