$9,500 Closing Credit*
$800,000
2,512 SqFt
6 Beds
•3 Full Baths
Holly Mack-Ward, Listing Office: Elfant Wissahickon-Rittenhouse Square
Is Cedar Park, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cedar Park was a Seller's Market.
Key Takeaway
Cedar Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cedar Park, PA
How much do homes in Cedar Park, PA cost?
Median Sold Price
$501,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$114,500(+29.6%)
Key Takeaway
Homes in Cedar Park have sold for 29.6% more than they did a year ago.
Summary: The median home sold price in Cedar Park was $501,000 in November 2024, up 29.6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $285K | $310K | +8.8% |
| 3 Bedrooms | $350K | $459.2K | +31.2% |
| 4 Bedrooms | $370K | $419K | +13.2% |
| 5+ Bedrooms | $499.9K | $620K | +24.0% |
Summary: Cedar Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 31.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Neighborhoods
| Cedar Park | $386.5K | $501K | +29.6% |
| Garden Court | $405K | $425K | +4.9% |
| West Philadelphia | $179.9K | $183.9K | +2.2% |
Housing Supply in Cedar Park, PA
How many homes are available in Cedar Park, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The Cedar Park real estate market had 26 homes for sale in November 2024, a 23.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Cedar Park housing inventory by bedroom type for November 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cedar Park in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Park, PA
How long does it take to sell a home in Cedar Park, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 34 Days | +491.3% |
Summary: Homes in Cedar Park had an average of 34 days on market in Nov 2024, up by 491.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cedar Park has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Cedar Park; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
