Is Buffalo Township, 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, Buffalo Township has remained a Seller's Market.
Housing Prices in Buffalo Township, PA
How much do homes in Buffalo Township, PA cost?
Median Sold Price
$325,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buffalo Township was $325,000 in May 2024, up 3.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $444.4K | $404K | -9.1% |
3 Bedrooms | $280K | $275.9K | -1.4% |
4 Bedrooms | $425K | $377.5K | -11.2% |
5+ Bedrooms | $390K | $415K | +6.4% |
Summary: Buffalo Township 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 9.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Buffalo Township | $315.3K | $325K | +3.1% |
Sarver | $318.7K | $322.4K | +1.2% |
Fawn Township | $197.7K | $191.1K | -3.4% |
Freeport | $185K | $169.3K | -8.5% |
Housing Supply in Buffalo Township, PA
How many homes are available in Buffalo Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 28 | +40.0% |
Summary: The Buffalo Township real estate market had 28 homes for sale in May 2024, a 40.0% 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 | 10 | 12 | +20.0% |
3 Bedrooms | 3 | 8 | +166.7% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Buffalo Township 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 20%, 3 bedroom homes increased by 166.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 7 | +600.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Buffalo Township in May 2024, up by 600.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Buffalo Township, PA
How long does it take to sell a home in Buffalo Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 37 Days | +5.5% |
Summary: Homes in Buffalo Township had an average of 37 days on market in May 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Buffalo Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.