Is Cumru 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, Cumru Township has remained a Seller's Market.
Housing Prices in Cumru Township, PA
How much do homes in Cumru Township, PA cost?
Median Sold Price
$265,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cumru Township was $265,000 in May 2024, up 15.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.2K | $137K | +6.8% |
2 Bedrooms | $199K | $215.9K | +8.5% |
3 Bedrooms | $236.2K | $261K | +10.5% |
4 Bedrooms | $299K | $375K | +25.4% |
5+ Bedrooms | $424.9K | $566K | +33.2% |
Summary: Cumru Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 33.2%.
Median Sold Price Compared To Nearby Cities
Reading | $180K | $239.9K | +33.3% |
Shillington | $197K | $237.5K | +20.6% |
Mohnton | $275K | $325K | +18.2% |
Cumru Township | $230.1K | $265K | +15.2% |
Kenhorst | $217.5K | $212.5K | -2.3% |
Housing Supply in Cumru Township, PA
How many homes are available in Cumru Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 50 | +2.0% |
Summary: The Cumru Township real estate market had 50 homes for sale in May 2024, a 2.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Cumru Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Cumru Township in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Cumru Township, PA
How long does it take to sell a home in Cumru Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 7 Days | -32.2% |
Summary: Homes in Cumru Township had an average of 7 days on market in May 2024, down by 32.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Cumru Township; 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.