Is Cranberry Township, PA 16066 a buyer’s or seller’s market?
Cranberry Township is a seller’s market. With about 3.7 months of supply and 26% 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.
More competitive than 53% of U.S. ZIP codes, and #425 of 601 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cranberry Township housing market right now
In the three months ending August 31, 2026, 26% of homes in Cranberry Township, PA 16066 sold above their list price, the typical home went under contract in 46 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 132 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold more slowly (42 days then) and the median sale price fell 7% to $449,805. Overall, Cranberry Township is less competitive than a year ago, which gives buyers more room.
Within Butler County, homes here sell faster than in 91% of the county’s ZIP codes, and sell more often over asking than in 74%. On our competition score, Cranberry Township ranks #425 of 601 PA ZIP codes with enough sales (score 52 out of 100).
Nearby, buyers who want less competition could look at West Sunbury 16061 (0% sold over asking) or Prospect 16052 (0% sold over asking), while Hilliards 16040 (75% sold over asking) and Karns City 16041 (60% sold over asking) are even more competitive.
Run the numbers for 16066
Nearby markets
Boyers 16020 — /sq ftButler 16001Seller’s market $156 /sq ftButler 16002Seller’s market $188 /sq ftCabot 16023Buyer’s market $263 /sq ft Browse all markets →Towns like Cranberry Township nearby
Find towns like Cranberry Township in other states →Where Cranberry Township is
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Questions about Cranberry Township real estate
Is Cranberry Township a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Cranberry Township, PA 16066 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 Cranberry Township?
The typical home went under contract in 46 days in the latest three months.
Do homes in Cranberry Township sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Cranberry Township?
About 1.01% of a home’s value a year in Butler County, or roughly $4,040 on a $400,000 home.
What is the median home price in Cranberry Township?
The median sale price was $449,805 in the three months ending August 31, 2026, about $231 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