Is Perkiomenville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Perkiomenville was a Seller's Market.
Key Takeaway
Perkiomenville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Perkiomenville, PA
How much do homes in Perkiomenville, PA cost?
Median Sold Price
$410,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Perkiomenville have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Perkiomenville was $410,000 in May 2024, up 9.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $69.9K | N/A |
| 2 Bedrooms | $320K | $272.5K | -14.8% |
| 3 Bedrooms | $303.5K | $337.5K | +11.2% |
| 4 Bedrooms | $450.5K | $515K | +14.3% |
| 5+ Bedrooms | $195K | $475K | +143.6% |
Summary: Perkiomenville 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 14.8%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 143.6%.
Median Sold Price Compared To Nearby Cities
| Perkiomenville | $375K | $410K | +9.3% |
| Upper Frederick Township | $305K | $331.5K | +8.7% |
| Lower Frederick Township | $325K | $348.5K | +7.2% |
Housing Supply in Perkiomenville, PA
How many homes are available in Perkiomenville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Perkiomenville real estate market had 19 homes for sale in May 2024, a 26.7% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Perkiomenville 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 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Perkiomenville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Perkiomenville in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Perkiomenville, PA
How long does it take to sell a home in Perkiomenville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 8 Days | -48.8% |
Summary: Homes in Perkiomenville had an average of 8 days on market in May 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
3 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 Perkiomenville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Perkiomenville; 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.
