Is Cumru Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cumru Township has remained a Seller's Market.
Housing Prices in Cumru Township, PA
How much do homes in Cumru Township, PA cost?
Median Sold Price
$265,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cumru Township was $265,000 in April 2024, up 15.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131K | $136K | +3.8% |
2 Bedrooms | $199K | $205K | +3.0% |
3 Bedrooms | $231K | $260K | +12.6% |
4 Bedrooms | $262.5K | $362.5K | +38.1% |
5+ Bedrooms | $424.9K | $578K | +36.0% |
Summary: Cumru Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 36%.
Median Sold Price Compared To Nearby Cities
Reading | $172.4K | $235.6K | +36.7% |
Mohnton | $270K | $335K | +24.1% |
Shillington | $197K | $235K | +19.3% |
Cumru Township | $230K | $265K | +15.2% |
Kenhorst | $213.7K | $212.5K | -0.6% |
Housing Supply in Cumru Township, PA
How many homes are available in Cumru Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 43 | +2.4% |
Summary: The Cumru Township real estate market had 43 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 21 | 20 | -4.8% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Cumru Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Cumru Township in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Cumru Township, PA
How long does it take to sell a home in Cumru Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 15 Days | +130.8% |
Summary: Homes in Cumru Township had an average of 15 days on market in Apr 2024, up by 130.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Cumru Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.