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
Since last year, Derry Township has remained a Seller's Market.
Housing Prices in Derry Township, PA
How much do homes in Derry Township, PA cost?
Median Sold Price
$175,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Derry Township was $175,000 in March 2024, down 4.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $99K | -20.8% |
2 Bedrooms | $130K | $149.9K | +15.3% |
3 Bedrooms | $192.5K | $176K | -8.6% |
4 Bedrooms | $237.4K | $220.5K | -7.1% |
5+ Bedrooms | $330K | - | N/A |
Summary: Derry Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 15.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Derry | $135.7K | $157.5K | +16.0% |
Derry Township | $182.5K | $175K | -4.1% |
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 |
---|---|---|
44 | 50 | +13.6% |
Summary: The Derry Township real estate market had 50 homes for sale in March 2024, a 13.6% increase 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 | 11 | 11 | 0.0% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 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 decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Derry Township in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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 |
---|---|---|
62 Days | 65 Days | +5.8% |
Summary: Homes in Derry Township had an average of 65 days on market in Mar 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Derry Township; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.