Is Sewickley, 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, Sewickley has remained a Seller's Market.
Key Takeaway
Sewickley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sewickley, PA
How much do homes in Sewickley, PA cost?
Median Sold Price
$464,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sewickley have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Sewickley was $464,500 in March 2024, up 2.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.8K | $100K | -25.8% |
| 2 Bedrooms | $183K | $259K | +41.5% |
| 3 Bedrooms | $439.2K | $374K | -14.9% |
| 4 Bedrooms | $592.5K | $625K | +5.5% |
| 5+ Bedrooms | $912.5K | $870K | -4.7% |
Summary: Sewickley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes increased by 41.5%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Sewickley | $455K | $464.5K | +2.1% |
| Sewickley Heights | $1.6M | $839.6K | -50.3% |
Housing Supply in Sewickley, PA
How many homes are available in Sewickley, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 95 | 101 | +6.3% |
Summary: The Sewickley real estate market had 101 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Sewickley 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 14.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sewickley, you may be able to get a good deal. 76% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Sewickley in March 2024, up by 31.6% month-over-month. Of the 25 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% were sold over asking.
Days on Market for Sewickley, PA
How long does it take to sell a home in Sewickley, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 62 Days | -14.8% |
Summary: Homes in Sewickley had an average of 62 days on market in Mar 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sewickley has remained consistent over time.
Summary: During March 2024, 25 homes were sold in Sewickley; 40% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
