Is Shillington, 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, Shillington has remained a Seller's Market.
Key Takeaway
Shillington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shillington, PA
How much do homes in Shillington, PA cost?
Median Sold Price
$237,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shillington have sold for 20.6% more than they did a year ago.
Summary: The median home sold price in Shillington was $237,500 in May 2024, up 20.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $184.5K | $200K | +8.4% |
| 3 Bedrooms | $197K | $255.5K | +29.7% |
| 4 Bedrooms | $190K | $260.5K | +37.1% |
| 5+ Bedrooms | $486.2K | $210K | -56.8% |
Summary: Shillington 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 8.4%, 3 bedroom homes increased by 29.7%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes decreased by 56.8%.
Median Sold Price Compared To Nearby Cities
| Shillington | $197K | $237.5K | +20.6% |
| Wyomissing | $282.5K | $330K | +16.8% |
| Cumru Township | $230.1K | $265K | +15.2% |
Housing Supply in Shillington, PA
How many homes are available in Shillington, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Shillington real estate market had 19 homes for sale in May 2024, a 11.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Shillington 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 18.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shillington, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Shillington in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Shillington, PA
How long does it take to sell a home in Shillington, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 7 Days | +13.6% |
Summary: Homes in Shillington had an average of 7 days on market in May 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
7 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 Shillington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Shillington; 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.
