Is Cumberland County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cumberland County has remained a Seller's Market.
Housing Prices in Cumberland County, PA
How much do homes in Cumberland County, PA cost?
Median Sold Price
$299,982
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cumberland County was $299,982 in March 2024, up 6.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.2K | $137K | +17.9% |
2 Bedrooms | $193K | $210K | +8.8% |
3 Bedrooms | $259.9K | $279.6K | +7.5% |
4 Bedrooms | $400K | $410.3K | +2.6% |
5+ Bedrooms | $550K | $545K | -0.9% |
Summary: Cumberland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Counties
Perry County | $230K | $249.6K | +8.5% |
Cumberland County | $281K | $299.9K | +6.7% |
Franklin County | $249.9K | $265.3K | +6.2% |
Dauphin County | $219.1K | $231.9K | +5.8% |
Adams County | $275K | $288.5K | +4.9% |
Housing Supply in Cumberland County, PA
How many homes are available in Cumberland County, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
931 | 951 | +2.1% |
Summary: The Cumberland County real estate market had 951 homes for sale in March 2024, a 2.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 119 | 117 | -1.7% |
3 Bedrooms | 423 | 437 | +3.3% |
4 Bedrooms | 306 | 308 | +0.7% |
5+ Bedrooms | 80 | 85 | +6.3% |
Summary: The Cumberland County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
171 | 180 | +5.3% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Summary: A total of 180 homes were sold or pending in Cumberland County in March 2024, up by 5.3% month-over-month. Of the 180 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for Cumberland County, PA
How long does it take to sell a home in Cumberland County, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 39 Days | +22.7% |
Summary: Homes in Cumberland County had an average of 39 days on market in Mar 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During March 2024, 180 homes were sold in Cumberland County; 73% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.