Is Cranberry Township, 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, Cranberry Township has remained a Seller's Market.
Housing Prices in Cranberry Township, PA
How much do homes in Cranberry Township, PA cost?
Median Sold Price
$415,673
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cranberry Township was $415,673 in March 2024, up 3.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | - | N/A |
2 Bedrooms | $209.4K | $228K | +8.9% |
3 Bedrooms | $350K | $351K | 0.3% |
4 Bedrooms | $497.4K | $515K | +3.5% |
5+ Bedrooms | $727.4K | $850K | +16.8% |
Summary: Cranberry Township 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 8.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
Seven Fields | $385K | $430K | +11.7% |
Adams Township | $484K | $525K | +8.5% |
Cranberry Township | $402K | $415.6K | +3.4% |
Marshall Township | $525K | $522.5K | -0.5% |
Housing Supply in Cranberry Township, PA
How many homes are available in Cranberry Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 136 | +23.6% |
Summary: The Cranberry Township real estate market had 136 homes for sale in March 2024, a 23.6% 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 | 16 | 21 | +31.3% |
3 Bedrooms | 45 | 56 | +24.4% |
4 Bedrooms | 37 | 43 | +16.2% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Cranberry Township 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 31.3%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 36 | +89.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Cranberry Township in March 2024, up by 89.5% month-over-month. Of the 36 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Cranberry Township, PA
How long does it take to sell a home in Cranberry Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 50 Days | +51.4% |
Summary: Homes in Cranberry Township had an average of 50 days on market in Mar 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Cranberry Township; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.