Is East Hempfield Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Hempfield Township is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, East Hempfield Township has remained a Seller's Market.

Key Takeaway

East Hempfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in East Hempfield Township, PA cost?

Median Sold Price

$367,008

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$37,008(+11.2%)

Key Takeaway

Homes in East Hempfield Township have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $224K$235.9K
+5.3%
3 $275.2K$299K
+8.6%
4 $395K$425K
+7.6%
5+ $455.5K$565K
+24.0%

Median Sold Price Compared To Nearby Cities

Lancaster Township
+12.7%
East Hempfield Township
+11.2%
East Petersburg
+11.0%
Manheim Township
+10.6%
Landisville
+7.7%

How many homes are available in East Hempfield Township, PA?

Number of Homes For Sale

Aug 2022Sep 2022%
9063-30.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 45
+25.0%
3 3528
-20.0%
4 4626
-43.5%
5+ 54
-20.0%

Number of Homes Sold

Aug 2022Sep 2022%
3726-29.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Hempfield Township, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
11 Days15 Days+29.2%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Hempfield Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About East Hempfield Township, PA

Number of homes for sale in East Hempfield Township, PA real estate market have reached 63. The number of listings in East Hempfield Township, PA decreased by 30% between August 2022 and September 2022. While the average time on the market in September 2022 was 15 days, the median list price was $367,008. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 5.3%, prices of 3 bedrooms properties increased by 8.6%, 4 bedrooms properties became 7.6% more expensive, the cost of 5 bedrooms properties went up by 24%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 25%, 3 bedrooms homes inventory decreased by 20%, 4 bedrooms homes became 43.5% less available, 5 bedrooms homes inventory decreased by 20%. In September 2022, from all listings sold in East Hempfield Township, PA there were more than 11 sold above asking price, over 7 sold below and more than 8 were sold right at the asked price.

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