$5,926 Closing Credit*
$499,000
2,289 SqFt
5 Beds
•2 Full Baths, 1 Partial
David Olawale Omojogunra, Listing Office: Space & Company
Is Cedar Park, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$495,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$104,250(+26.7%)
Key Takeaway
Homes in Cedar Park have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in Cedar Park was $495,000 in October 2024, up 26.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $285K | - | N/A |
| 3 Bedrooms | $360K | $459.2K | +27.6% |
| 4 Bedrooms | $370K | $419K | +13.2% |
| 5+ Bedrooms | $500K | $610K | +22.0% |
Summary: Cedar Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Neighborhoods
| Cedar Park | $390.7K | $495K | +26.7% |
| West Philadelphia | $179.9K | $183.6K | +2.1% |
Housing Supply in Cedar Park, PA
How many homes are available in Cedar Park, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Cedar Park real estate market had 27 homes for sale in October 2024, a 22.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Cedar Park housing inventory by bedroom type for October 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 25%, 4 bedroom homes increased by 125%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was 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 October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 75 Days | +841.7% |
Summary: Homes in Cedar Park had an average of 75 days on market in Oct 2024, up by 841.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cedar Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Cedar Park; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
