Is Sewickley, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sewickley has remained a Seller's Market.
Key Takeaway
Sewickley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sewickley, PA
How much do homes in Sewickley, PA cost?
Median Sold Price
$470,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sewickley have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Sewickley was $470,000 in April 2024, up 7.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.8K | $100K | -25.8% |
| 2 Bedrooms | $209.2K | $259K | +23.8% |
| 3 Bedrooms | $409K | $374.9K | -8.3% |
| 4 Bedrooms | $580K | $641K | +10.5% |
| 5+ Bedrooms | $981.2K | $870K | -11.3% |
Summary: Sewickley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Sewickley | $436.2K | $470K | +7.7% |
| Sewickley Heights | $1.7M | $804K | -53.9% |
Housing Supply in Sewickley, PA
How many homes are available in Sewickley, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 100 | 99 | -1.0% |
Summary: The Sewickley real estate market had 99 homes for sale in April 2024, a 1.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 37 | 27 | -27.0% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The Sewickley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 27%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 17 | -32.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sewickley, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Sewickley in April 2024, down by 32.0% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 28 Days | -63.0% |
Summary: Homes in Sewickley had an average of 28 days on market in Apr 2024, down by 63% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sewickley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Sewickley; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
