Is Sewickley, 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 was a Seller's Market.
Key Takeaway
Sewickley 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, PA
How much do homes in Sewickley, PA cost?
Median Sold Price
$481,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sewickley have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Sewickley was $481,000 in May 2024, up 7.4% 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 | $106.2K | -29.2% |
| 2 Bedrooms | $222K | $262K | +18.0% |
| 3 Bedrooms | $375K | $375K | 0.0% |
| 4 Bedrooms | $564.5K | $641K | +13.6% |
| 5+ Bedrooms | $1.1M | $915K | -18.7% |
Summary: Sewickley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes increased by 18%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Aleppo Township | $280K | $305K | +8.9% |
| Sewickley | $447.7K | $481K | +7.4% |
Housing Supply in Sewickley, PA
How many homes are available in Sewickley, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 118 | +20.4% |
Summary: The Sewickley real estate market had 118 homes for sale in May 2024, a 20.4% 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 | 18 | 17 | -5.6% |
| 3 Bedrooms | 26 | 33 | +26.9% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 25 | 32 | +28.0% |
Summary: The Sewickley 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 5.6%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sewickley, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Sewickley in May 2024, the same as the previous month. Of the 17 sold homes, 59% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for Sewickley, PA
How long does it take to sell a home in Sewickley, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 55 Days | -18.9% |
Summary: Homes in Sewickley had an average of 55 days on market in May 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sewickley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Sewickley; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
