Is Cowanshannock Township, 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, Cowanshannock Township has remained a Seller's Market.
Key Takeaway
Cowanshannock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cowanshannock Township, PA
How much do homes in Cowanshannock Township, PA cost?
Median Sold Price
$143,661
$109/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Cowanshannock Township have sold for 74.3% more than they did a month ago.
Summary: The median home sold price in Cowanshannock Township was $143,661 in May 2024, up 74.3% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $164.9K | N/A |
| 3 Bedrooms | $188.7K | $122.4K | -35.1% |
| 4 Bedrooms | $73K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cowanshannock Township housing prices by bedroom type for May 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 decreased by 35.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cowanshannock Township | $82.4K | $143.6K | +74.3% |
| Rural Valley | $295K | $99.9K | -66.1% |
Housing Supply in Cowanshannock Township, PA
How many homes are available in Cowanshannock Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Cowanshannock Township real estate market had 5 homes for sale in May 2024, a 16.7% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cowanshannock Township 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 increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cowanshannock Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Cowanshannock Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Cowanshannock Township, PA
How long does it take to sell a home in Cowanshannock Township, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 Days | 5 Days | -94.5% |
Summary: Homes in Cowanshannock Township had an average of 5 days on market in May 2024, down by 94.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cowanshannock Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Cowanshannock Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
