Is Canonsburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Canonsburg has remained a Seller's Market.
Housing Prices in Canonsburg, PA
How much do homes in Canonsburg, PA cost?
Median Sold Price
$364,666
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Canonsburg was $364,666 in April 2024, up 24.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $48K | N/A |
2 Bedrooms | $150K | $207.5K | +38.3% |
3 Bedrooms | $245K | $329.9K | +34.7% |
4 Bedrooms | $425K | $500.5K | +17.8% |
5+ Bedrooms | $606K | $507.5K | -16.3% |
Summary: Canonsburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.3%, 3 bedroom homes increased by 34.7%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Cities
Canonsburg | $292.5K | $364.6K | +24.7% |
North Strabane Township | $315.9K | $340K | +7.6% |
Cecil Township | $340K | $355K | +4.4% |
Chartiers Township | $290K | $300K | +3.4% |
Housing Supply in Canonsburg, PA
How many homes are available in Canonsburg, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 173 | +26.3% |
Summary: The Canonsburg real estate market had 173 homes for sale in April 2024, a 26.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 64 | 83 | +29.7% |
4 Bedrooms | 44 | 54 | +22.7% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Canonsburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 29.7%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 40 | +14.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Canonsburg in April 2024, up by 14.3% month-over-month. Of the 40 sold homes, 48% were sold under asking, 28% were sold at asking, and 25% were sold over asking.
Days on Market for Canonsburg, PA
How long does it take to sell a home in Canonsburg, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 35 Days | -14.5% |
Summary: Homes in Canonsburg had an average of 35 days on market in Apr 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Canonsburg; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.