Is Ephrata, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Ephrata was a Seller's Market.
Housing Prices in Ephrata, PA
How much do homes in Ephrata, PA cost?
Median Sold Price
$315,793
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Ephrata was $315,793 in February 2024, up 29.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $275K | +22.2% |
3 Bedrooms | $235.5K | $299.9K | +27.3% |
4 Bedrooms | $299.9K | $400K | +33.4% |
5+ Bedrooms | $212K | $461K | +117.5% |
Summary: Ephrata housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 33.4%, and 5+ bedroom homes increased by 117.5%.
Median Sold Price Compared To Nearby Cities
Ephrata | $244.3K | $315.7K | +29.3% |
Akron | $300K | $337.5K | +12.5% |
Ephrata Township | $320K | $315K | -1.6% |
Housing Supply in Ephrata, PA
How many homes are available in Ephrata, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
96 | 82 | -14.6% |
Summary: The Ephrata real estate market had 82 homes for sale in February 2024, a 14.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 38 | 26 | -31.6% |
4 Bedrooms | 35 | 37 | +5.7% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Ephrata housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 8 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Ephrata in February 2024, down by 66.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Ephrata, PA
How long does it take to sell a home in Ephrata, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
78 Days | 12 Days | -84.2% |
Summary: Homes in Ephrata had an average of 12 days on market in Feb 2024, down by 84.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Ephrata; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.