Is Cheswick, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheswick is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Cheswick was a Seller's Market.

Key Takeaway

Cheswick 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 Cheswick, PA

How much do homes in Cheswick, PA cost?

Median Sold Price

$225,500

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,500(+7.4%)

Key Takeaway

Homes in Cheswick have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Cheswick was $225,500 in May 2024, up 7.4% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $150K$171.9K
+14.6%
3 $210K$225.5K
+7.4%
4 $350K$304.5K
-13.0%
5+ $605.2K$647.5K
+7.0%

Summary: Cheswick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Harmar Township
+53.0%
Cheswick
+7.4%
Springdale Township
-4.6%
Springdale
-8.5%

Housing Supply in Cheswick, PA

How many homes are available in Cheswick, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
18180.0%

Summary: The Cheswick real estate market had 18 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 67
+16.7%
4 45
+25.0%
5+ 33
0.0%

Summary: The Cheswick 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 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
103-70.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheswick, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Cheswick in May 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Cheswick, PA

How long does it take to sell a home in Cheswick, PA?

Average Sale Time

May 2023May 2024CHANGE
24 Days54 Days+121.6%

Summary: Homes in Cheswick had an average of 54 days on market in May 2024, up by 121.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cheswick are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Cheswick; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Cheswick, PA

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