$3,028 Closing Credit*
$255,000
2 Beds
•2 Full Baths, 1 Partial
Nancy Ware, Listing Office: Berkshire Hathaway The Preferred Realty
Is Cranberry Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cranberry Township has remained a Seller's Market.
Key Takeaway
Cranberry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cranberry Township, PA
How much do homes in Cranberry Township, PA cost?
Median Sold Price
$440,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+6.0%)
Key Takeaway
Homes in Cranberry Township have sold for 6% more than they did a year ago.
Summary: The median home sold price in Cranberry Township was $440,000 in October 2024, up 6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | - | N/A |
| 2 Bedrooms | $217K | $225.5K | +3.9% |
| 3 Bedrooms | $355K | $370K | +4.2% |
| 4 Bedrooms | $520K | $530K | +1.9% |
| 5+ Bedrooms | $733.7K | $855K | +16.5% |
Summary: Cranberry Township 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 increased by 3.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Marshall Township | $525K | $575K | +9.5% |
| Cranberry Township | $415K | $440K | +6.0% |
| Adams Township | $514.5K | $545K | +5.9% |
| Seven Fields | $385K | $402.5K | +4.5% |
Housing Supply in Cranberry Township, PA
How many homes are available in Cranberry Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 127 | +9.5% |
Summary: The Cranberry Township real estate market had 127 homes for sale in October 2024, a 9.5% 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 | 10 | 17 | +70.0% |
| 3 Bedrooms | 37 | 47 | +27.0% |
| 4 Bedrooms | 51 | 49 | -3.9% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The Cranberry Township 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 increased by 70%, 3 bedroom homes increased by 27%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cranberry Township, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Cranberry Township in October 2024, down by 7.4% month-over-month. Of the 25 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 35 Days | +69.3% |
Summary: Homes in Cranberry Township had an average of 35 days on market in Oct 2024, up by 69.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cranberry Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Cranberry Township; 48% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
