Is Shrewsbury Township, 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, Shrewsbury Township was a Seller's Market.
Housing Prices in Shrewsbury Township, PA
How much do homes in Shrewsbury Township, PA cost?
Median Sold Price
$332,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shrewsbury Township was $332,000 in May 2024, down 0.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $220K | +2.3% |
3 Bedrooms | $300K | $309K | +3.0% |
4 Bedrooms | $366.2K | $385K | +5.1% |
5+ Bedrooms | $507K | $560K | +10.5% |
Summary: Shrewsbury 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 increased by 2.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Glen Rock | $240K | $263.5K | +9.8% |
New Freedom | $351K | $360K | +2.6% |
Shrewsbury | $326K | $330K | +1.2% |
Shrewsbury Township | $334.5K | $332K | -0.7% |
Housing Supply in Shrewsbury Township, PA
How many homes are available in Shrewsbury Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 38 | +15.2% |
Summary: The Shrewsbury Township real estate market had 38 homes for sale in May 2024, a 15.2% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Shrewsbury 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 25%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Shrewsbury Township in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Shrewsbury Township, PA
How long does it take to sell a home in Shrewsbury Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 12 Days | +74.5% |
Summary: Homes in Shrewsbury Township had an average of 12 days on market in May 2024, up by 74.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Shrewsbury Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.