Is Hummelstown, 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, Hummelstown has remained a Seller's Market.
Key Takeaway
Hummelstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hummelstown, PA
How much do homes in Hummelstown, PA cost?
Median Sold Price
$350,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hummelstown have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Hummelstown was $350,000 in April 2024, up 11.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $255.9K | $291.5K | +13.9% |
| 3 Bedrooms | $269K | $323.5K | +20.3% |
| 4 Bedrooms | $470K | $468K | -0.4% |
| 5+ Bedrooms | $635K | $772.5K | +21.7% |
Summary: Hummelstown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| South Hanover Township | $275K | $385K | +40.0% |
| Hummelstown | $315K | $350K | +11.1% |
| Derry Township | $355K | $346.6K | -2.3% |
Housing Supply in Hummelstown, PA
How many homes are available in Hummelstown, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 79 | +17.9% |
Summary: The Hummelstown real estate market had 79 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 25 | 30 | +20.0% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Hummelstown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hummelstown, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Hummelstown in April 2024, down by 4.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Hummelstown, PA
How long does it take to sell a home in Hummelstown, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 23 Days | +112.6% |
Summary: Homes in Hummelstown had an average of 23 days on market in Apr 2024, up by 112.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hummelstown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Hummelstown; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
