Is Seven Fields, 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, Seven Fields has remained a Seller's Market.
Key Takeaway
Seven Fields is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seven Fields, PA
How much do homes in Seven Fields, PA cost?
Median Sold Price
$331,227
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Seven Fields have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Seven Fields was $331,227 in May 2024, up 2.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.5K | $226.5K | +9.2% |
| 3 Bedrooms | $380K | $447.5K | +17.8% |
| 4 Bedrooms | $549.5K | $575K | +4.6% |
| 5+ Bedrooms | - | $550K | N/A |
Summary: Seven Fields housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Adams Township | $485K | $555K | +14.4% |
| Seven Fields | $323.9K | $331.2K | +2.2% |
| Cranberry Township | $415K | $420.4K | +1.3% |
Housing Supply in Seven Fields, PA
How many homes are available in Seven Fields, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 17 | -34.6% |
Summary: The Seven Fields real estate market had 17 homes for sale in May 2024, a 34.6% 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 | 9 | 3 | -66.7% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Seven Fields 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 decreased by 66.7%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seven Fields, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Seven Fields in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Seven Fields, PA
How long does it take to sell a home in Seven Fields, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 48 Days | +398.3% |
Summary: Homes in Seven Fields had an average of 48 days on market in May 2024, up by 398.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Seven Fields are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Seven Fields; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
