Is Cabot, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cabot has remained a Seller's Market.
Key Takeaway
Cabot is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cabot, PA
How much do homes in Cabot, PA cost?
Median Sold Price
$287,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cabot have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Cabot was $287,500 in May 2024, down 6.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $179.9K | -6.5% |
| 3 Bedrooms | $280K | $275K | -1.8% |
| 4 Bedrooms | $437.5K | $443K | +1.3% |
| 5+ Bedrooms | $505K | - | N/A |
Summary: Cabot housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Winfield Township | $276K | $345K | +25.0% |
| Saxonburg | $279.9K | $326.2K | +16.6% |
| Jefferson Township | $250.5K | $275K | +9.8% |
| Sarver | $318.7K | $322.4K | +1.2% |
| Cabot | $308K | $287.5K | -6.7% |
Housing Supply in Cabot, PA
How many homes are available in Cabot, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The Cabot real estate market had 7 homes for sale in May 2024, a 75.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 0 | 2 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cabot housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cabot, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cabot in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cabot, PA
How long does it take to sell a home in Cabot, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 129 Days | +975.0% |
Summary: Homes in Cabot had an average of 129 days on market in May 2024, up by 975% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cabot are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Cabot; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
