Is Chippewa Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Chippewa Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $206K | 0.5% |
3 Bedrooms | $258.2K | $273K | +5.7% |
4 Bedrooms | $384K | $380K | -1.0% |
5+ Bedrooms | $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 | $249.1K | $275K | +10.4% |
Patterson Township | $175K | $175K | 0.0% |
Housing Supply in Chippewa Township, PA
How many homes are available in Chippewa Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
27 | 29 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 1 | 1 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 3 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
103 Days | 126 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
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.