Is Sewickley, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sewickley is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sewickley has remained a Seller's Market.

Key Takeaway

Sewickley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sewickley, PA

How much do homes in Sewickley, PA cost?

Median Sold Price

$510,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$73,000(+16.7%)

Key Takeaway

Homes in Sewickley have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Sewickley was $510,000 in November 2024, up 16.7% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100K$152.4K
+52.4%
2 $245K$291.2K
+18.9%
3 $377.4K$377K
-0.1%
4 $610K$661K
+8.4%
5+ $1.0M$1.1M
+10.0%

Summary: Sewickley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.4%, 2 bedroom homes increased by 18.9%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 10%.

Housing Supply in Sewickley, PA

How many homes are available in Sewickley, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9695-1.0%

Summary: The Sewickley real estate market had 95 homes for sale in November 2024, a 1.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 1616
0.0%
3 3230
-6.3%
4 2931
+6.9%
5+ 1715
-11.8%

Summary: The Sewickley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sewickley, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Sewickley in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.

Days on Market for Sewickley, PA

How long does it take to sell a home in Sewickley, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days74 Days+165.8%

Summary: Homes in Sewickley had an average of 74 days on market in Nov 2024, up by 165.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sewickley are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in Sewickley; 50% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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