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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ephrata Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Ephrata Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Ephrata Township, PA cost?

Median Sold Price

$299,900

$164/sqft

Based on all homes sold in December 2022.

Difference Since Last Month

-$50,100(-14.3%)

Key Takeaway

Homes in Ephrata Township have sold for 14.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2022Dec 2022%
1 --
N/A
2 --
N/A
3 $321.5K$281K
-12.6%
4 $369.9K$329.9K
-10.8%
5+ $626K$281K
-55.1%

How many homes are available in Ephrata Township, PA?

Number of Homes For Sale

Nov 2022Dec 2022%
2726-3.7%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 12
+100.0%
3 1111
0.0%
4 1211
-8.3%
5+ 32
-33.3%

Number of Homes Sold

Nov 2022Dec 2022%
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ephrata Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Average Sale Time

Nov 2022Dec 2022%
9 Days9 Days-1.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ephrata 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 Ephrata Township, PA

Ephrata Township, PA has 26 homes for sale to choose from. The number of listings in Ephrata Township, PA decreased by 3.7% between November 2022 and December 2022. The median list price of listings available in December 2022 was $299,900, while the average time on the real estate market was 9 days. Real estate listing prices changed between December 2021 and December 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties decreased by 12.6%, the cost of 4 bedrooms properties went down by 10.8%, prices of 5 bedrooms properties went down by 55.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 100%, volume of 3 bedrooms homes stayed the same, volume of 4 bedrooms homes went down by 8.3%, volume of 5 bedrooms homes went down by 33.3%. While more than 3 listings in Ephrata Township, PA in December 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 2 were sold below.

Related Housing Market Reports