Is Cumru 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, Cumru Township was a Neutral Market.
Key Takeaway
Cumru Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumru Township, PA
How much do homes in Cumru Township, PA cost?
Median Sold Price
$265,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cumru Township have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Cumru Township was $265,000 in March 2024, up 15.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.2K | $136K | +6.0% |
| 2 Bedrooms | $194.1K | $210K | +8.2% |
| 3 Bedrooms | $230.4K | $262K | +13.7% |
| 4 Bedrooms | $299K | $345.1K | +15.4% |
| 5+ Bedrooms | $337.4K | $590K | +74.9% |
Summary: Cumru Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 74.9%.
Median Sold Price Compared To Nearby Cities
| Reading | $150K | $234.4K | +56.3% |
| Shillington | $196K | $227.9K | +16.3% |
| Cumru Township | $230K | $265K | +15.2% |
| Kenhorst | $218K | $210K | -3.7% |
Housing Supply in Cumru Township, PA
How many homes are available in Cumru Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Summary: The Cumru Township real estate market had 57 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Cumru Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumru Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Cumru Township in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for Cumru Township, PA
How long does it take to sell a home in Cumru Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 15 Days | +248.4% |
Summary: Homes in Cumru Township had an average of 15 days on market in Mar 2024, up by 248.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumru Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Cumru Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
