$4,453 Closing Credit*
$375,000
1,644 SqFt
3 Beds
•3 Full Baths, 1 Partial
Zachary A Behr, Listing Office: Keller Williams Real Estate-Blue Bell
Is Cedarbrook, 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, Cedarbrook was a Seller's Market.
Key Takeaway
Cedarbrook is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cedarbrook, PA
How much do homes in Cedarbrook, PA cost?
Median Sold Price
$264,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,900(+6.0%)
Key Takeaway
Homes in Cedarbrook have sold for 6% more than they did a year ago.
Summary: The median home sold price in Cedarbrook was $264,900 in October 2024, up 6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $204K | -9.3% |
| 3 Bedrooms | $249.9K | $260K | +4.0% |
| 4 Bedrooms | $299.4K | $310K | +3.5% |
| 5+ Bedrooms | $395K | - | N/A |
Summary: Cedarbrook 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 decreased by 9.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Wyncote | $410K | $460K | +12.2% |
| Olney / Oak Lane | $185K | $200K | +8.1% |
| Cedarbrook | $250K | $264.9K | +6.0% |
| West Oak Lane | $215K | $226K | +5.1% |
| Wyndmoor | $507.5K | $494.7K | -2.5% |
Housing Supply in Cedarbrook, PA
How many homes are available in Cedarbrook, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 66 | +4.8% |
Summary: The Cedarbrook real estate market had 66 homes for sale in October 2024, a 4.8% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 56 | 55 | -1.8% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cedarbrook 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 decreased by 1.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 10 | -56.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedarbrook, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Cedarbrook in October 2024, down by 56.5% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Cedarbrook, PA
How long does it take to sell a home in Cedarbrook, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +16.3% |
Summary: Homes in Cedarbrook had an average of 34 days on market in Oct 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cedarbrook are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Cedarbrook; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
