Sewickley, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sewickley Neighborhoods Since 2000




Sewickley, PA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sewickley Housing Market Information

With a population of 3,829, 1,740 total housing units (homes and apartments), and a median house value of $352,740, Sewickley house prices are not only among the most expensive in Pennsylvania, Sewickley real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Sewickley, accounting for 52.04% of the borough's housing units. Other types of housing that are prevalent in Sewickley include large apartment complexes or high rise apartments ( 23.21%), duplexes, homes converted to apartments or other small apartment buildings ( 19.18%), and a few row houses and other attached homes ( 5.09%).

People in Sewickley primarily live in small (one, two or no bedroom) single-family detached homes. Sewickley has a mixture of owner-occupied and renter-occupied housing.

The housing in Sewickley was primarily built before 1939 ( 52.84%), making the housing stock in Sewickley some of the oldest overall in America, although there is a range of ages of homes in Sewickley. The next most important housing age is between 1940-1969 ( 32.27%), followed by between 1970-1999 ( 14.20%).

Sewickley Home Appreciation Rates

In the last 10 years, Sewickley has experienced some of the highest home appreciation rates of any community in the nation. Sewickley real estate appreciated 34.24% over the last ten years, which is an average annual home appreciation rate of 2.99%, putting Sewickley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sewickley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Sewickley appreciation rates have trailed the rest of the nation. In the last twelve months, Sewickley's appreciation rate has been 1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sewickley were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Sewickley's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$352,740

Sewickley, PA HOME PRICES

Value Range
> $1,114,000 2.8
$836,001 - $1,114,000 7.3
$557,001 - $836,000 11.4
$446,001 - $557,000 13.2
$335,001 - $446,000 14.4
$223,001 - $335,000 18.9
$112,001 - $223,000 24.3
$56,001 - $112,000 7.0
$0 - $56,000 0.8

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
12.006328372202 3.67149758454106

Number Of Homes And Apartments:
1,740

Sewickley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
68.77% 3.08% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 62.59
Renters 37.41
Vacant 7.79

Housing Market Details

 

Age of Homes

AGE OF Sewickley HOMES
2000 or Newer 0.7
1970 - 1999 14.2
1940 - 1969 32.3
1939 or Older 52.8

Types of Homes

TYPE OF Sewickley HOMES
Single-Family 52.0
Townhomes 5.1
Small Apt. Buildings 19.2
Apt. Complexes 23.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Sewickley HOMES
No Bedroom 0.48
1 Bedroom 16.27
2 Bedrooms 37.04
3 Bedrooms 20.14
4 Bedrooms 18.18
5 or more bedrooms 7.90