Is Chambersburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chambersburg was a Seller's Market.
Key Takeaway
Chambersburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chambersburg, PA
How much do homes in Chambersburg, PA cost?
Median Sold Price
$264,250
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chambersburg have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Chambersburg was $264,250 in March 2024, up 11.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $187.4K | +167.8% |
| 2 Bedrooms | $175K | $207.5K | +18.6% |
| 3 Bedrooms | $231.5K | $250K | +8.0% |
| 4 Bedrooms | $300K | $345.9K | +15.3% |
| 5+ Bedrooms | $350K | $470K | +34.3% |
Summary: Chambersburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.8%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
| Chambersburg | $236.7K | $264.2K | +11.6% |
| Guilford Township | $284.5K | $299K | +5.1% |
| Greene Township | $262.5K | $269.9K | +2.9% |
| Hamilton Township | $290K | $295K | +1.7% |
Housing Supply in Chambersburg, PA
How many homes are available in Chambersburg, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 243 | 251 | +3.3% |
Summary: The Chambersburg real estate market had 251 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 31 | +24.0% |
| 3 Bedrooms | 114 | 115 | +0.9% |
| 4 Bedrooms | 72 | 73 | +1.4% |
| 5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The Chambersburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chambersburg, expect to pay close to the asking price. 35.9% of homes here sold near the asking price last month.
Summary: A total of 39 homes were sold or pending in Chambersburg in March 2024, up by 18.2% month-over-month. Of the 39 sold homes, 28% were sold under asking, 36% were sold at asking, and 36% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 36 Days | +54.1% |
Summary: Homes in Chambersburg had an average of 36 days on market in Mar 2024, up by 54.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 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 March 2024, 39 homes were sold in Chambersburg; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
