Is Chippewa Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chippewa Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Chippewa Township was a Seller's Market.

Key Takeaway

Chippewa Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chippewa Township, PA

How much do homes in Chippewa Township, PA cost?

Median Sold Price

$275,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,845(+10.4%)

Key Takeaway

Homes in Chippewa Township have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Chippewa Township was $275,000 in February 2024, up 10.4% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $205K$206K
0.5%
3 $258.2K$273K
+5.7%
4 $384K$380K
-1.0%
5+ $450K$614K
+36.4%

Summary: Chippewa Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 36.4%.

Median Sold Price Compared To Nearby Cities

Chippewa Township
+10.4%
Patterson Township
0.0%

Housing Supply in Chippewa Township, PA

How many homes are available in Chippewa Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2729+7.4%

Summary: The Chippewa Township real estate market had 29 homes for sale in February 2024, a 7.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1517
+13.3%
4 97
-22.2%
5+ 11
0.0%

Summary: The Chippewa Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chippewa Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Chippewa Township in February 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Chippewa Township, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
103 Days126 Days+21.4%

Summary: Homes in Chippewa Township had an average of 126 days on market in Feb 2024, up by 21.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Chippewa Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 3 homes were sold in Chippewa Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 27 Days Ago

Newest Listings in Chippewa Township, PA

Nearby Markets to Chippewa Township, PA

What housing markets are near Chippewa Township, PA?