Is Hummelstown, 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, Hummelstown has remained a Seller's Market.
Key Takeaway
Hummelstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hummelstown, PA
How much do homes in Hummelstown, PA cost?
Median Sold Price
$350,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hummelstown have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Hummelstown was $350,000 in May 2024, up 9.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $260K | $277.5K | +6.7% |
| 3 Bedrooms | $295K | $325K | +10.2% |
| 4 Bedrooms | $490K | $475.7K | -2.9% |
| 5+ Bedrooms | $690K | $755K | +9.4% |
Summary: Hummelstown 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 increased by 6.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| South Hanover Township | $288.5K | $368.7K | +27.8% |
| Hummelstown | $320K | $350K | +9.4% |
| Derry Township | $330K | $340K | +3.0% |
Housing Supply in Hummelstown, PA
How many homes are available in Hummelstown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 90 | +13.9% |
Summary: The Hummelstown real estate market had 90 homes for sale in May 2024, a 13.9% 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 | 16 | 13 | -18.8% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 20 | 28 | +40.0% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Hummelstown 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 18.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hummelstown, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Hummelstown in May 2024, down by 27.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Hummelstown, PA
How long does it take to sell a home in Hummelstown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 16 Days | -43.8% |
Summary: Homes in Hummelstown had an average of 16 days on market in May 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
13 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 Hummelstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Hummelstown; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
