Is Cranberry Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cranberry Township has remained a Seller's Market.
Housing Prices in Cranberry Township, PA
How much do homes in Cranberry Township, PA cost?
Median Sold Price
$416,114
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cranberry Township was $416,114 in April 2024, up 4.1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | - | N/A |
2 Bedrooms | $209K | $222K | +6.2% |
3 Bedrooms | $348.4K | $351K | +0.7% |
4 Bedrooms | $493K | $520K | +5.5% |
5+ Bedrooms | $725K | $852.5K | +17.6% |
Summary: Cranberry Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
Adams Township | $483K | $541.3K | +12.1% |
Cranberry Township | $399.7K | $416.1K | +4.1% |
Marshall Township | $529K | $550K | +4.0% |
Seven Fields | $362.4K | $335K | -7.6% |
Housing Supply in Cranberry Township, PA
How many homes are available in Cranberry Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
132 | 141 | +6.8% |
Summary: The Cranberry Township real estate market had 141 homes for sale in April 2024, a 6.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 19 | -9.5% |
3 Bedrooms | 53 | 52 | -1.9% |
4 Bedrooms | 42 | 52 | +23.8% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Cranberry Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 41 | +10.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Cranberry Township in April 2024, up by 10.8% month-over-month. Of the 41 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% were sold over asking.
Days on Market for Cranberry Township, PA
How long does it take to sell a home in Cranberry Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 28 Days | +2.8% |
Summary: Homes in Cranberry Township had an average of 28 days on market in Apr 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in Cranberry Township; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.