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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chambersburg is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Chambersburg has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Chambersburg, PA

How much do homes in Chambersburg, PA cost?

Median Sold Price

$264,240

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$12,540(+5.0%)

Key Takeaway

Homes in Chambersburg have sold for 5% more than they did a year ago.

Summary: The median home sold price in Chambersburg was $264,240 in May 2024, up 5% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $70K$177.2K
+153.2%
2 $190K$210K
+10.5%
3 $239.9K$250K
+4.2%
4 $313.7K$359K
+14.4%
5+ $350K$450K
+28.6%

Summary: Chambersburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153.2%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 28.6%.

Median Sold Price Compared To Nearby Cities

Chambersburg
+5.0%
Hamilton Township
+5.0%
Greene Township
+1.5%
Guilford Township
-1.7%

Housing Supply in Chambersburg, PA

How many homes are available in Chambersburg, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
168201+19.6%

Summary: The Chambersburg real estate market had 201 homes for sale in May 2024, a 19.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 1823
+27.8%
3 8691
+5.8%
4 4867
+39.6%
5+ 1520
+33.3%

Summary: The Chambersburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4045+12.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chambersburg, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in Chambersburg in May 2024, up by 12.5% month-over-month. Of the 45 sold homes, 24% were sold under asking, 31% were sold at asking, and 44% were sold over asking.

Days on Market for Chambersburg, PA

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

Average Sale Time

May 2023May 2024CHANGE
17 Days29 Days+64.0%

Summary: Homes in Chambersburg had an average of 29 days on market in May 2024, up by 64% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 45 homes were sold in Chambersburg; 71% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% 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 16 Days Ago

Newest Listings in Chambersburg, PA

Nearby Markets to Chambersburg, PA

What housing markets are near Chambersburg, PA?