Is Sewickley 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, Sewickley Township has remained a Seller's Market.
Key Takeaway
Sewickley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sewickley Township, PA
How much do homes in Sewickley Township, PA cost?
Median Sold Price
$425,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sewickley Township have sold for 56% more than they did a year ago.
Summary: The median home sold price in Sewickley Township was $425,000 in March 2024, up 56% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.9K | $108K | +8.1% |
| 2 Bedrooms | $152K | $249.7K | +64.3% |
| 3 Bedrooms | $242.4K | $352K | +45.2% |
| 4 Bedrooms | $400K | $581.2K | +45.3% |
| 5+ Bedrooms | $812.5K | $870K | +7.1% |
Summary: Sewickley Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 64.3%, 3 bedroom homes increased by 45.2%, 4 bedroom homes increased by 45.3%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in Sewickley Township, PA
How many homes are available in Sewickley Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 116 | +9.4% |
Summary: The Sewickley Township real estate market had 116 homes for sale in March 2024, a 9.4% 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 | 42 | 46 | +9.5% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Sewickley 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 14.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 31 | +63.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sewickley Township, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Sewickley Township in March 2024, up by 63.2% month-over-month. Of the 31 sold homes, 65% were sold under asking, 16% were sold at asking, and 19% were sold over asking.
Days on Market for Sewickley Township, PA
How long does it take to sell a home in Sewickley Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 58 Days | -20.7% |
Summary: Homes in Sewickley Township had an average of 58 days on market in Mar 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sewickley Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in Sewickley Township; 45% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
