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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Derry Township, PA
How much do homes in Derry Township, PA cost?
Median Sold Price
$180,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Derry Township have sold for 27.7% more than they did a year ago.
Summary: The median home sold price in Derry Township was $180,000 in March 2024, up 27.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $65.5K | $141.4K | +116.0% |
| 3 Bedrooms | $180.4K | $175.8K | -2.5% |
| 4 Bedrooms | $165K | $275K | +66.7% |
| 5+ Bedrooms | $189K | $222K | +17.5% |
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 116%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Derry Township | $141K | $180K | +27.7% |
| Lewistown | $145K | $135K | -6.9% |
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 |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Derry Township real estate market had 45 homes for sale in March 2024, a 25.0% 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 | 8 | 10 | +25.0% |
| 3 Bedrooms | 18 | 25 | +38.9% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
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 25%, 3 bedroom homes increased by 38.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Derry Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Derry Township in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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 |
|---|---|---|
| 60 Days | 46 Days | -23.1% |
Summary: Homes in Derry Township had an average of 46 days on market in Mar 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Derry Township has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Derry Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
