Is Derry 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, Derry Township was a Seller's Market.
Key Takeaway
Derry Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Derry Township, PA
How much do homes in Derry Township, PA cost?
Median Sold Price
$340,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Derry Township have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Derry Township was $340,000 in March 2024, down 5.6% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $259.9K | $275K | +5.8% |
| 3 Bedrooms | $321K | $317K | -1.2% |
| 4 Bedrooms | $459.9K | $482.5K | +4.9% |
| 5+ Bedrooms | $634.3K | $600K | -5.4% |
Summary: Derry 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 5.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| South Hanover Township | $288.5K | $385K | +33.4% |
| Palmyra | $254K | $311K | +22.4% |
| Hummelstown | $307.5K | $350K | +13.8% |
| Hershey | $389.5K | $385K | -1.2% |
| Derry Township | $360K | $340K | -5.6% |
Housing Supply in Derry Township, PA
How many homes are available in Derry Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 97 | +32.9% |
Summary: The Derry Township real estate market had 97 homes for sale in March 2024, a 32.9% 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 | 14 | 23 | +64.3% |
| 3 Bedrooms | 25 | 35 | +40.0% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Derry 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 64.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Derry Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Derry Township in March 2024, up by 55.6% month-over-month. Of the 14 sold homes, 36% were sold under asking, 43% were sold at asking, and 21% were sold over asking.
Days on Market for Derry Township, PA
How long does it take to sell a home in Derry Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 39 Days | -28.2% |
Summary: Homes in Derry Township had an average of 39 days on market in Mar 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Derry Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Derry Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
