Is Pequea 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, Pequea Township has remained a Seller's Market.
Housing Prices in Pequea Township, PA
How much do homes in Pequea Township, PA cost?
Median Sold Price
$343,450
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pequea Township was $343,450 in May 2024, up 1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $245K | $240K | -2.0% |
3 Bedrooms | $289.9K | $332.9K | +14.8% |
4 Bedrooms | $438K | $360K | -17.8% |
5+ Bedrooms | $495K | $530K | +7.1% |
Summary: Pequea 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 decreased by 2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Conestoga Township | $322.4K | $350K | +8.5% |
Conestoga | $324.9K | $350K | +7.7% |
Pequea Township | $340K | $343.4K | +1.0% |
Housing Supply in Pequea Township, PA
How many homes are available in Pequea Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The Pequea Township real estate market had 21 homes for sale in May 2024, a 5.0% 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 | 0 | -100.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Pequea 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 decreased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Pequea Township in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Pequea Township, PA
How long does it take to sell a home in Pequea Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 5 Days | +3.0% |
Summary: Homes in Pequea Township had an average of 5 days on market in May 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Pequea Township; 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.