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
At the same time last year, Cumberland Township was a Seller's Market.
Key Takeaway
Cumberland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cumberland Township, PA
How much do homes in Cumberland Township, PA cost?
Median Sold Price
$329,900
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cumberland Township have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Cumberland Township was $329,900 in March 2024, up 10.9% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $245.9K | +22.9% |
| 3 Bedrooms | $285K | $295K | +3.5% |
| 4 Bedrooms | $323.2K | $407.4K | +26.1% |
| 5+ Bedrooms | $512.9K | $548K | +6.8% |
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 22.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Cumberland Township | $297.4K | $329.9K | +10.9% |
| Gettysburg | $300.4K | $318.3K | +5.9% |
| Mount Joy Township | $341.2K | $337.4K | -1.1% |
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 |
|---|---|---|
| 63 | 60 | -4.8% |
Summary: The Cumberland Township real estate market had 60 homes for sale in March 2024, a 4.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
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 decreased by 33.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cumberland Township in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% 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 |
|---|---|---|
| 62 Days | 24 Days | -61.4% |
Summary: Homes in Cumberland Township had an average of 24 days on market in Mar 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cumberland Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Cumberland Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
