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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conewago Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Conewago Township, PA

How much do homes in Conewago Township, PA cost?

Median Sold Price

$259,450

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,450(+10.4%)

Key Takeaway

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

Summary: The median home sold price in Conewago Township was $259,450 in September 2024, up 10.4% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $155K-
N/A
2 $205.2K$230K
+12.1%
3 $244.9K$259K
+5.7%
4 $259K$302.5K
+16.8%
5+ $417.4K$332.4K
-20.4%

Summary: Conewago Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 20.4%.

Median Sold Price Compared To Nearby Cities

Conewago Township
+10.4%
Hanover
+5.8%
McSherrystown
+0.9%
Mc Sherrystown
+0.9%

Housing Supply in Conewago Township, PA

How many homes are available in Conewago Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3540+14.3%

Summary: The Conewago Township real estate market had 40 homes for sale in September 2024, a 14.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 2022
+10.0%
4 79
+28.6%
5+ 22
0.0%

Summary: The Conewago Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conewago Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Conewago Township in September 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.

Days on Market for Conewago Township, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
4 Days9 Days+130.7%

Summary: Homes in Conewago Township had an average of 9 days on market in Sep 2024, up by 130.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 9 homes were sold in Conewago Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in Conewago Township, PA

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