$4,393 Closing Credit*
$369,900
1,482 SqFt
3 Beds
•2 Full Baths
Deborah A Moore, Listing Office: Kingsway Realty - Ephrata
Is Ephrata, 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, Ephrata has remained a Seller's Market.
Key Takeaway
Ephrata is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ephrata, PA
How much do homes in Ephrata, PA cost?
Median Sold Price
$326,633
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$18,633(+6.0%)
Key Takeaway
Homes in Ephrata have sold for 6% more than they did a year ago.
Summary: The median home sold price in Ephrata was $326,633 in September 2024, up 6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $251.2K | $307.5K | +22.4% |
| 3 Bedrooms | $299.9K | $304K | +1.4% |
| 4 Bedrooms | $376K | $399.9K | +6.4% |
| 5+ Bedrooms | $430K | $445K | +3.5% |
Summary: Ephrata 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 increased by 22.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Akron | $310K | $333K | +7.4% |
| Ephrata | $308K | $326.6K | +6.0% |
| Ephrata Township | $315K | $328.4K | +4.3% |
Housing Supply in Ephrata, PA
How many homes are available in Ephrata, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 63 | 60 | -4.8% |
Summary: The Ephrata real estate market had 60 homes for sale in September 2024, a 4.8% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 35 | 30 | -14.3% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Ephrata 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 increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ephrata, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Ephrata in September 2024, down by 10.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 13 Days | -51.9% |
Summary: Homes in Ephrata had an average of 13 days on market in Sep 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ephrata are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 18 homes were sold in Ephrata; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
