Is Carmichaels, 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, Carmichaels has remained a Seller's Market.
Key Takeaway
Carmichaels is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carmichaels, PA
How much do homes in Carmichaels, PA cost?
Median Sold Price
$196,750
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carmichaels have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Carmichaels was $196,750 in May 2024, up 16.4% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $153K | $105.5K | -31.0% |
| 3 Bedrooms | $168.8K | $196.7K | +16.5% |
| 4 Bedrooms | $194.5K | $299.9K | +54.2% |
| 5+ Bedrooms | $230K | - | N/A |
Summary: Carmichaels 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 31%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 54.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cumberland Township | $166.1K | $196.7K | +18.4% |
| Carmichaels | $169K | $196.7K | +16.4% |
Housing Supply in Carmichaels, PA
How many homes are available in Carmichaels, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Carmichaels real estate market had 16 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Carmichaels 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 decreased by 25%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carmichaels, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Carmichaels in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Carmichaels, PA
How long does it take to sell a home in Carmichaels, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 70 Days | +34.9% |
Summary: Homes in Carmichaels had an average of 70 days on market in May 2024, up by 34.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Carmichaels are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Carmichaels; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
