$7,599 Closing Credit*
$639,900
2,678 SqFt
4 Beds
•2 Full Baths, 2 Partial
Kathy Drambel, Listing Office: Compass Pennsylvania, Llc
Is Cranberry Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$427,266
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$14,068(+3.4%)
Key Takeaway
Homes in Cranberry Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Cranberry Township was $427,266 in August 2024, up 3.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | - | N/A |
| 2 Bedrooms | $209K | $225.5K | +7.9% |
| 3 Bedrooms | $355K | $368.7K | +3.9% |
| 4 Bedrooms | $515K | $530.1K | +2.9% |
| 5+ Bedrooms | $690K | $852.5K | +23.6% |
Summary: Cranberry Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Adams Township | $492.5K | $540K | +9.6% |
| Cranberry Township | $413.1K | $427.2K | +3.4% |
| Warrendale | $372.5K | $355K | -4.7% |
| Marshall Township | $544.9K | $515K | -5.5% |
| Seven Fields | $380K | $355K | -6.6% |
Housing Supply in Cranberry Township, PA
How many homes are available in Cranberry Township, PA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 156 | 146 | -6.4% |
Summary: The Cranberry Township real estate market had 146 homes for sale in August 2024, a 6.4% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 53 | 50 | -5.7% |
| 4 Bedrooms | 66 | 64 | -3.0% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Cranberry Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.8%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 45 | 53 | +17.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
16 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. 43.4% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Cranberry Township in August 2024, up by 17.8% month-over-month. Of the 53 sold homes, 43% were sold under asking, 26% were sold at asking, and 30% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 33 Days | 25 Days | -23.5% |
Summary: Homes in Cranberry Township had an average of 25 days on market in Aug 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
16 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 August 2024, 53 homes were sold in Cranberry Township; 66% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
