Is Cedarbrook, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cedarbrook has remained a Buyer's Market.
Housing Prices in Cedarbrook, PA
How much do homes in Cedarbrook, PA cost?
Median Sold Price
$255,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cedarbrook was $255,000 in March 2024, up 4.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $246.2K | $225K | -8.6% |
3 Bedrooms | $236K | $252.5K | +7.0% |
4 Bedrooms | $303.5K | $298.9K | -1.5% |
5+ Bedrooms | - | $395K | N/A |
Summary: Cedarbrook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
West Oak Lane | $201.5K | $225K | +11.7% |
Wyndmoor | $452.9K | $487.5K | +7.6% |
Cedarbrook | $245K | $255K | +4.1% |
Olney / Oak Lane | $191.2K | $193.2K | +1.0% |
Wyncote | $410K | $400K | -2.4% |
Housing Supply in Cedarbrook, PA
How many homes are available in Cedarbrook, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
125 | 138 | +10.4% |
Summary: The Cedarbrook real estate market had 138 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 106 | 117 | +10.4% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedarbrook housing inventory by bedroom type for March 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 10.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Cedarbrook in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% were sold over asking.
Days on Market for Cedarbrook, PA
How long does it take to sell a home in Cedarbrook, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 32 Days | +119.3% |
Summary: Homes in Cedarbrook had an average of 32 days on market in Mar 2024, up by 119.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Cedarbrook; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.