$7,422 Closing Credit*
$625,000
Stephanie Ramer, Listing Office: Exp Realty Llc
Is Freedom, 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, Freedom has remained a Seller's Market.
Key Takeaway
Freedom is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Freedom, PA
How much do homes in Freedom, PA cost?
Median Sold Price
$277,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+11.0%)
Key Takeaway
Homes in Freedom have sold for 11% more than they did a year ago.
Summary: The median home sold price in Freedom was $277,500 in October 2024, up 11% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.9K | - | N/A |
| 2 Bedrooms | $226.2K | $225K | -0.6% |
| 3 Bedrooms | $245K | $305K | +24.5% |
| 4 Bedrooms | $375K | $210K | -44.0% |
| 5+ Bedrooms | $147.5K | $205K | +39.0% |
Summary: Freedom 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 0.6%, 3 bedroom homes increased by 24.5%, 4 bedroom homes decreased by 44%, and 5+ bedroom homes increased by 39%.
Median Sold Price Compared To Nearby Cities
| New Sewickley Township | $277K | $341.2K | +23.2% |
| Freedom | $250K | $277.5K | +11.0% |
| Rochester Township | $143.8K | $129.4K | -10.0% |
Housing Supply in Freedom, PA
How many homes are available in Freedom, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Freedom real estate market had 27 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Freedom 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 decreased by 25%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 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 Freedom, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Freedom in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Freedom, PA
How long does it take to sell a home in Freedom, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 31 Days | -18.2% |
Summary: Homes in Freedom had an average of 31 days on market in Oct 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Freedom are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Freedom; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
