Is Bernville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bernville was a Buyer's Market.
Key Takeaway
Bernville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bernville, PA
How much do homes in Bernville, PA cost?
Median Sold Price
$375,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bernville have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Bernville was $375,000 in May 2024, up 15.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305.5K | $169.5K | -44.5% |
| 3 Bedrooms | $278K | $350K | +25.9% |
| 4 Bedrooms | $355K | $392.9K | +10.7% |
| 5+ Bedrooms | $422.5K | $328K | -22.4% |
Summary: Bernville 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 44.5%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Jefferson Township | $317.5K | $376.4K | +18.6% |
| Bernville | $325K | $375K | +15.4% |
Housing Supply in Bernville, PA
How many homes are available in Bernville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Bernville real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bernville 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bernville, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Bernville in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Bernville, PA
How long does it take to sell a home in Bernville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 7 Days | -89.6% |
Summary: Homes in Bernville had an average of 7 days on market in May 2024, down by 89.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bernville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Bernville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
