Is Bernville, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bernville is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Bernville was a Buyer's Market.

Key Takeaway

Bernville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bernville, PA

How much do homes in Bernville, PA cost?

Median Sold Price

$388,500

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,500(+7.9%)

Key Takeaway

Homes in Bernville have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Bernville was $388,500 in November 2024, up 7.9% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$137.8K
N/A
2 $169K$175K
+3.6%
3 $331K$355K
+7.3%
4 $379.9K$425K
+11.8%
5+ $325.4K$395K
+21.4%

Summary: Bernville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 21.4%.

Housing Supply in Bernville, PA

How many homes are available in Bernville, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
810+25.0%

Summary: The Bernville real estate market had 10 homes for sale in November 2024, a 25.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 00
0.0%
3 38
+166.7%
4 42
-50.0%
5+ 00
0.0%

Summary: The Bernville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 166.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bernville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Bernville in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Bernville, PA

How long does it take to sell a home in Bernville, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days5 Days-87.8%

Summary: Homes in Bernville had an average of 5 days on market in Nov 2024, down by 87.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bernville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Bernville; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Bernville, PA

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