Is Canonsburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Canonsburg has remained a Seller's Market.
Key Takeaway
Canonsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canonsburg, PA
How much do homes in Canonsburg, PA cost?
Median Sold Price
$364,375
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Canonsburg has remained the same since last year.
Summary: The median home sold price in Canonsburg was $364,375 in May 2024, down 0.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $48K | -60.8% |
| 2 Bedrooms | $175.2K | $210K | +19.8% |
| 3 Bedrooms | $306.4K | $330.7K | +7.9% |
| 4 Bedrooms | $475K | $498.9K | +5.0% |
| 5+ Bedrooms | $670K | $580K | -13.4% |
Summary: Canonsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.8%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Chartiers Township | $271.5K | $301K | +10.9% |
| North Strabane Township | $330K | $342.2K | +3.7% |
| Cecil Township | $351.7K | $359.9K | +2.3% |
| Canonsburg | $364.8K | $364.3K | -0.1% |
Housing Supply in Canonsburg, PA
How many homes are available in Canonsburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 167 | 177 | +6.0% |
Summary: The Canonsburg real estate market had 177 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 80 | 92 | +15.0% |
| 4 Bedrooms | 52 | 53 | +1.9% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Canonsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 53 | +32.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canonsburg, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Canonsburg in May 2024, up by 32.5% month-over-month. Of the 53 sold homes, 45% were sold under asking, 13% were sold at asking, and 42% were sold over asking.
Days on Market for Canonsburg, PA
How long does it take to sell a home in Canonsburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 37 Days | -13.9% |
Summary: Homes in Canonsburg had an average of 37 days on market in May 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canonsburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 53 homes were sold in Canonsburg; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.