$2,791 Closing Credit*
$235,000
1,089 SqFt
2 Beds
•2 Full Baths
Joshua Shawhan, Listing Office: Exp Realty Llc
Is Cranberry Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Cranberry Township has remained a Seller's Market.
Key Takeaway
Cranberry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cranberry Township, PA
How much do homes in Cranberry Township, PA cost?
Median Sold Price
$435,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$25,033(+6.1%)
Key Takeaway
Homes in Cranberry Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Cranberry Township was $435,000 in September 2024, up 6.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | - | N/A |
| 2 Bedrooms | $209.9K | $228K | +8.6% |
| 3 Bedrooms | $350.5K | $370K | +5.6% |
| 4 Bedrooms | $520K | $529.9K | +1.9% |
| 5+ Bedrooms | $809K | $860K | +6.3% |
Summary: Cranberry Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Cranberry Township | $409.9K | $435K | +6.1% |
| Adams Township | $513.2K | $537K | +4.6% |
| Marshall Township | $549.9K | $535K | -2.7% |
| Seven Fields | $397.5K | $327.5K | -17.6% |
Housing Supply in Cranberry Township, PA
How many homes are available in Cranberry Township, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 144 | 124 | -13.9% |
Summary: The Cranberry Township real estate market had 124 homes for sale in September 2024, a 13.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 9 | -35.7% |
| 3 Bedrooms | 48 | 38 | -20.8% |
| 4 Bedrooms | 64 | 56 | -12.5% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Cranberry Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 54 | 24 | -55.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cranberry Township, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Cranberry Township in September 2024, down by 55.6% month-over-month. Of the 24 sold homes, 46% were sold under asking, 17% were sold at asking, and 38% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 45 Days | +60.5% |
Summary: Homes in Cranberry Township had an average of 45 days on market in Sep 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cranberry Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 24 homes were sold in Cranberry Township; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
