Is Adams Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Adams Township has remained a Seller's Market.
Key Takeaway
Adams Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Adams Township, PA
How much do homes in Adams Township, PA cost?
Median Sold Price
$525,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Adams Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Adams Township was $525,000 in March 2024, up 8.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.5K | $198.7K | +1.1% |
| 2 Bedrooms | $358.6K | $302K | -15.8% |
| 3 Bedrooms | $339K | $388K | +14.5% |
| 4 Bedrooms | $649.9K | $650K | 0.0% |
| 5+ Bedrooms | $872.5K | $1.1M | +31.5% |
Summary: Adams Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 31.5%.
Median Sold Price Compared To Nearby Cities
| Seven Fields | $385K | $430K | +11.7% |
| Adams Township | $484K | $525K | +8.5% |
| Valencia | $516.5K | $482K | -6.7% |
Housing Supply in Adams Township, PA
How many homes are available in Adams Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 66 | +11.9% |
Summary: The Adams Township real estate market had 66 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Adams Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adams Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Adams Township in March 2024, up by 66.7% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Adams Township, PA
How long does it take to sell a home in Adams Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 57 Days | +37.8% |
Summary: Homes in Adams Township had an average of 57 days on market in Mar 2024, up by 37.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Adams Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Adams Township; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
