Is Ephrata 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, Ephrata Township was a Seller's Market.
Housing Prices in Ephrata Township, PA
How much do homes in Ephrata Township, PA cost?
Median Sold Price
$315,436
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ephrata Township was $315,436 in March 2024, down 1.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $202.2K | $278K | +37.5% |
3 Bedrooms | $300K | $290.5K | -3.2% |
4 Bedrooms | $373.5K | $400K | +7.1% |
5+ Bedrooms | $399.9K | $470K | +17.5% |
Summary: Ephrata 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 increased by 37.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
Ephrata | $255K | $316.8K | +24.3% |
Akron | $305K | $337.5K | +10.7% |
Stevens | $310K | $315.7K | +1.9% |
Ephrata Township | $320K | $315.4K | -1.4% |
Housing Supply in Ephrata Township, PA
How many homes are available in Ephrata Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 91 | +1.1% |
Summary: The Ephrata Township real estate market had 91 homes for sale in March 2024, a 1.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 39 | 34 | -12.8% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Ephrata 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 increased by 21.4%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Ephrata Township in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 8% were sold under asking, 54% were sold at asking, and 38% were sold over asking.
Days on Market for Ephrata Township, PA
How long does it take to sell a home in Ephrata Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 24 Days | +268.1% |
Summary: Homes in Ephrata Township had an average of 24 days on market in Mar 2024, up by 268.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Ephrata Township; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.