Is Cumberland Township, 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 Township has remained a Buyer's Market.
Housing Prices in Cumberland Township, PA
How much do homes in Cumberland Township, PA cost?
Median Sold Price
$190,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cumberland Township was $190,000 in March 2024, up 17.6% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $31.5K | N/A |
2 Bedrooms | $134K | $163.5K | +22.0% |
3 Bedrooms | $160K | $171.9K | +7.5% |
4 Bedrooms | $202K | $299.9K | +48.5% |
5+ Bedrooms | - | $252.5K | N/A |
Summary: Cumberland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 48.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Carmichaels | $136K | $184.4K | +35.6% |
Cumberland Township | $161.5K | $190K | +17.6% |
Housing Supply in Cumberland Township, PA
How many homes are available in Cumberland Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Summary: The Cumberland Township real estate market had 23 homes for sale in March 2024, a 43.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cumberland Township 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 25%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Cumberland Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cumberland Township, PA
How long does it take to sell a home in Cumberland Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 97 Days | +259.3% |
Summary: Homes in Cumberland Township had an average of 97 days on market in Mar 2024, up by 259.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Cumberland Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.