Is Southampton Township, 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, Southampton Township has remained a Seller's Market.
Key Takeaway
Southampton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southampton Township, PA
How much do homes in Southampton Township, PA cost?
Median Sold Price
$470,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southampton Township have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Southampton Township was $470,000 in May 2024, up 14.4% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | $248K | +9.7% |
| 2 Bedrooms | $286.5K | $325K | +13.4% |
| 3 Bedrooms | $365K | $425K | +16.4% |
| 4 Bedrooms | $490.5K | $607.5K | +23.9% |
| 5+ Bedrooms | $615K | $700K | +13.8% |
Summary: Southampton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Southampton Township | $411K | $470K | +14.4% |
| Shippensburg | $239.9K | $260K | +8.4% |
| Shippensburg Township | $240K | $260K | +8.3% |
| Southampton Township | $410.5K | $433.1K | +5.5% |
Housing Supply in Southampton Township, PA
How many homes are available in Southampton Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 97 | -3.0% |
Summary: The Southampton Township real estate market had 97 homes for sale in May 2024, a 3.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 38 | 35 | -7.9% |
| 4 Bedrooms | 34 | 38 | +11.8% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Southampton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 20 | -25.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southampton Township, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Southampton Township in May 2024, down by 25.9% month-over-month. Of the 20 sold homes, 30% were sold under asking, 15% were sold at asking, and 55% were sold over asking.
Days on Market for Southampton Township, PA
How long does it take to sell a home in Southampton Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 16 Days | -15.0% |
Summary: Homes in Southampton Township had an average of 16 days on market in May 2024, down by 15% compared to last year.
Breakdown of Home Sale Times
17 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 Southampton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Southampton Township; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
