Is East Drumore 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, East Drumore Township was a Neutral Market.
Key Takeaway
East Drumore Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Drumore Township, PA
How much do homes in East Drumore Township, PA cost?
Median Sold Price
$380,000
$187/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in East Drumore Township has remained the same since last year.
Summary: The median home sold price in East Drumore Township was $380,000 in March 2024, the same as last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415.2K | - | N/A |
| 3 Bedrooms | $325K | $335.7K | +3.3% |
| 4 Bedrooms | $339.5K | $497.5K | +46.5% |
| 5+ Bedrooms | $509K | $350K | -31.2% |
Summary: East Drumore 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 did not change, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 46.5%, and 5+ bedroom homes decreased by 31.2%.
Median Sold Price Compared To Nearby Cities
| Quarryville | $290K | $367.5K | +26.7% |
| East Drumore Township | $380K | $380K | 0.0% |
Housing Supply in East Drumore Township, PA
How many homes are available in East Drumore Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The East Drumore Township real estate market had 6 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Drumore 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Drumore Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in East Drumore Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for East Drumore Township, PA
How long does it take to sell a home in East Drumore Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 4 Days | -50.0% |
Summary: Homes in East Drumore Township had an average of 4 days on market in Mar 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Drumore Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in East Drumore Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
