Is Cherry Tree, PA 15724 a buyer’s or seller’s market?
Cherry Tree is a seller’s market. With about 3.2 months of supply and 67% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Cherry Tree housing market right now
In the three months ending August 31, 2026, 67% of homes in Cherry Tree, PA 15724 sold above their list price, the typical home went under contract in 10 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (67% then), homes sold faster (37 days then) and the median sale price fell 16% to $119,948. Overall, Cherry Tree is more competitive than a year ago, so tougher for buyers.
Within Indiana County, homes here sell faster than in 81% of the county’s ZIP codes, and sell more often over asking than in 90%.
Nearby, buyers who want less competition could look at Robinson 15949 (0% sold over asking) or Armagh 15920 (0% sold over asking), while Strongstown 15957 (100% sold over asking) and Beyer 16211 (100% sold over asking) are even more competitive.
Run the numbers for 15724
Nearby markets
Armagh 15920 $29 /sq ftAultman 15713 — /sq ftBeyer 16211 $130 /sq ftBlairsville 15717Seller’s market $100 /sq ft Browse all markets →Towns like Cherry Tree nearby
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Questions about Cherry Tree real estate
Is Cherry Tree a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Cherry Tree, PA 15724 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cherry Tree?
The typical home went under contract in 10 days in the latest three months.
Do homes in Cherry Tree sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Cherry Tree?
About 1.50% of a home’s value a year in Indiana County, or roughly $6,000 on a $400,000 home.
What is the median home price in Cherry Tree?
The median sale price was $119,948 in the three months ending August 31, 2026, about $102 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology