Is Salisbury Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Salisbury Township has remained a Seller's Market.
Housing Prices in Salisbury Township, PA
How much do homes in Salisbury Township, PA cost?
Median Sold Price
$545,000
$197/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Salisbury Township was $545,000 in May 2024, up 14.7% from last month, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300.2K | $203K | -32.4% |
3 Bedrooms | $492K | $645K | +31.1% |
4 Bedrooms | - | $545K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Salisbury Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.4%, 3 bedroom homes increased by 31.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Salisbury Township | $475K | $545K | +14.7% |
East Earl Township | $440K | $458.6K | +4.2% |
Housing Supply in Salisbury Township, PA
How many homes are available in Salisbury Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The Salisbury Township real estate market had 15 homes for sale in May 2024, a 11.8% decrease 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 | 4 | 2 | -50.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Salisbury 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 decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Salisbury Township in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Salisbury Township, PA
How long does it take to sell a home in Salisbury Township, PA?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 Days | 41 Days | +2.6% |
Summary: Homes in Salisbury Township had an average of 41 days on market in May 2024, up by 2.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Salisbury Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.