Is Summit 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, Summit Township has remained a Seller's Market.
Housing Prices in Summit Township, PA
How much do homes in Summit Township, PA cost?
Median Sold Price
$208,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Summit Township was $208,000 in May 2024, down 1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $151.8K | -25.9% |
3 Bedrooms | $233.5K | $221K | -5.4% |
4 Bedrooms | $203K | $192K | -5.4% |
5+ Bedrooms | - | - | N/A |
Summary: Summit 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 25.9%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Summit Township | $210K | $208K | -1.0% |
Oakland Township | $234K | $200K | -14.5% |
Housing Supply in Summit Township, PA
How many homes are available in Summit Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Summary: The Summit Township real estate market had 6 homes for sale in May 2024, a 25.0% decrease 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 | 5 | 3 | -40.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summit 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 decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Summit Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Summit Township, PA
How long does it take to sell a home in Summit Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 49 Days | +135.7% |
Summary: Homes in Summit Township had an average of 49 days on market in May 2024, up by 135.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Summit Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.