Is Cheswick, 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, Cheswick has remained a Seller's Market.
Key Takeaway
Cheswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheswick, PA
How much do homes in Cheswick, PA cost?
Median Sold Price
$221,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cheswick have sold for 28.2% more than they did a year ago.
Summary: The median home sold price in Cheswick was $221,000 in March 2024, up 28.2% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $173.5K | +15.7% |
| 3 Bedrooms | $175K | $221K | +26.3% |
| 4 Bedrooms | $238.5K | $315K | +32.1% |
| 5+ Bedrooms | - | $377.7K | N/A |
Summary: Cheswick 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 increased by 15.7%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cheswick | $172.4K | $221K | +28.2% |
| Springdale | $147.5K | $147.5K | 0.0% |
| Springdale Township | $154K | $150K | -2.6% |
Housing Supply in Cheswick, PA
How many homes are available in Cheswick, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Cheswick real estate market had 20 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cheswick 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 increased by 66.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheswick, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cheswick in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 19 Days | -64.5% |
Summary: Homes in Cheswick had an average of 19 days on market in Mar 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cheswick are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Cheswick; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
