Is Cedar Park, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cedar Park was a Seller's Market.
Housing Prices in Cedar Park, PA
How much do homes in Cedar Park, PA cost?
Median Sold Price
$425,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cedar Park was $425,000 in April 2024, up 4.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $263K | $290K | +10.3% |
3 Bedrooms | $335K | $350K | +4.5% |
4 Bedrooms | $380K | $367.5K | -3.3% |
5+ Bedrooms | $585K | $552.9K | -5.5% |
Summary: Cedar Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
Cedar Park | $405K | $425K | +4.9% |
West Philadelphia | $188K | $175.1K | -6.9% |
Housing Supply in Cedar Park, PA
How many homes are available in Cedar Park, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Summary: The Cedar Park real estate market had 27 homes for sale in April 2024, a 35.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Cedar Park 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 remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cedar Park in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Cedar Park, PA
How long does it take to sell a home in Cedar Park, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +14.5% |
Summary: Homes in Cedar Park had an average of 23 days on market in Apr 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Cedar Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.