Is Chambersburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$265,333
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Chambersburg have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Chambersburg was $265,333 in June 2024, up 2.1% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $177.2K | +153.2% |
| 2 Bedrooms | $190K | $207.5K | +9.2% |
| 3 Bedrooms | $249.9K | $250K | 0.0% |
| 4 Bedrooms | $315.5K | $359.4K | +13.9% |
| 5+ Bedrooms | $355K | $450K | +26.8% |
Summary: Chambersburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Cities
| Hamilton Township | $295K | $325K | +10.2% |
| Chambersburg | $260K | $265.3K | +2.1% |
| Greene Township | $270K | $273.9K | +1.5% |
| Guilford Township | $297.5K | $299K | 0.5% |
Housing Supply in Chambersburg, PA
How many homes are available in Chambersburg, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 202 | 183 | -9.4% |
Summary: The Chambersburg real estate market had 183 homes for sale in June 2024, a 9.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 96 | 82 | -14.6% |
| 4 Bedrooms | 67 | 64 | -4.5% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Chambersburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 58 | 40 | -31.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chambersburg, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Chambersburg in June 2024, down by 31.0% month-over-month. Of the 40 sold homes, 33% were sold under asking, 30% were sold at asking, and 38% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 11 Days | 25 Days | +115.8% |
Summary: Homes in Chambersburg had an average of 25 days on market in Jun 2024, up by 115.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chambersburg are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 40 homes were sold in Chambersburg; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
