$6,757 Closing Credit*
$569,000
4,114 SqFt
7 Beds
•5 Full Baths
Listing Office: Century 21 Ramos Realty
Is Drums, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Drums has remained a Seller's Market.
Key Takeaway
Drums is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drums, PA
How much do homes in Drums, PA cost?
Median Sold Price
$284,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,000(+5.2%)
Key Takeaway
Homes in Drums have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Drums was $284,000 in September 2024, up 5.2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $266K | - | N/A |
| 3 Bedrooms | $275K | $222.5K | -19.1% |
| 4 Bedrooms | $250K | $460K | +84.0% |
| 5+ Bedrooms | $750K | $375K | -50.0% |
Summary: Drums housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.1%, 4 bedroom homes increased by 84%, and 5+ bedroom homes decreased by 50%.
Median Sold Price Compared To Nearby Cities
| Drums | $270K | $284K | +5.2% |
| Butler Township | $225.6K | $223.6K | -0.9% |
Housing Supply in Drums, PA
How many homes are available in Drums, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Drums real estate market had 10 homes for sale in September 2024, a 16.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Drums housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Drums, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Drums in September 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Drums, PA
How long does it take to sell a home in Drums, PA?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Drums are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Drums; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
