Is East Drumore 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, East Drumore Township has remained a Seller's Market.
Key Takeaway
East Drumore Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Drumore Township, PA
How much do homes in East Drumore Township, PA cost?
Median Sold Price
$380,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Drumore Township have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in East Drumore Township was $380,000 in May 2024, up 11.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415.2K | - | N/A |
| 3 Bedrooms | $336.5K | $335K | -0.4% |
| 4 Bedrooms | $382.7K | $500K | +30.6% |
| 5+ Bedrooms | $618K | $350K | -43.4% |
Summary: East Drumore 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 did not change, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes decreased by 43.4%.
Median Sold Price Compared To Nearby Cities
| Quarryville | $296K | $350K | +18.2% |
| East Drumore Township | $340.2K | $380K | +11.7% |
Housing Supply in East Drumore Township, PA
How many homes are available in East Drumore Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The East Drumore Township real estate market had 8 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Drumore 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Drumore Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in East Drumore Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for East Drumore Township, PA
How long does it take to sell a home in East Drumore Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 1 Day | -89.5% |
Summary: Homes in East Drumore Township had an average of 1 days on market in May 2024, down by 89.5% compared to last year.
Breakdown of Home Sale Times
2 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 East Drumore Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in East Drumore 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.
