$3,561 Closing Credit*
$299,900
1,600 SqFt
Patricia L Franklin, 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 December 2023
Since last year, Cedarbrook has remained a Seller's Market.
Key Takeaway
Cedarbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedarbrook, PA
How much do homes in Cedarbrook, PA cost?
Median Sold Price
$265,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$7,500(+2.9%)
Key Takeaway
Homes in Cedarbrook have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Cedarbrook was $265,000 in December 2024, up 2.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $200.5K | -10.9% |
| 3 Bedrooms | $255K | $260K | +2.0% |
| 4 Bedrooms | $299.4K | $310.2K | +3.6% |
| 5+ Bedrooms | $395K | - | N/A |
Summary: Cedarbrook housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Olney / Oak Lane | $182.7K | $205K | +12.2% |
| West Oak Lane | $215K | $234.6K | +9.1% |
| Wyndmoor | $490K | $505K | +3.1% |
| Cedarbrook | $257.5K | $265K | +2.9% |
Housing Supply in Cedarbrook, PA
How many homes are available in Cedarbrook, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 64 | 54 | -15.6% |
Summary: The Cedarbrook real estate market had 54 homes for sale in December 2024, a 15.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 56 | 47 | -16.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cedarbrook housing inventory by bedroom type for December 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 16.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedarbrook, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Cedarbrook in December 2024, down by 27.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 39 Days | +29.7% |
Summary: Homes in Cedarbrook had an average of 39 days on market in Dec 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 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 December 2024, 13 homes were sold in Cedarbrook; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
