Is Cresco, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cresco has remained a Seller's Market.
Key Takeaway
Cresco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cresco, PA
How much do homes in Cresco, PA cost?
Median Sold Price
$337,500
$165/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Cresco have sold for 60.7% more than they did a month ago.
Summary: The median home sold price in Cresco was $337,500 in March 2024, up 60.7% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $205K | $210K | +2.4% |
| 4 Bedrooms | - | $465K | N/A |
| 5+ Bedrooms | $1.8M | - | N/A |
Summary: Cresco housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cresco | $210K | $337.5K | +60.7% |
| Barrett Township | $210K | $210K | 0.0% |
Housing Supply in Cresco, PA
How many homes are available in Cresco, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Cresco real estate market had 9 homes for sale in March 2024, a 18.2% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Cresco 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cresco, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cresco in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cresco, PA
How long does it take to sell a home in Cresco, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 22 Days | +321.9% |
Summary: Homes in Cresco had an average of 22 days on market in Mar 2024, up by 321.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cresco are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Cresco; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
