Is Ferguson 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, Ferguson Township was a Seller's Market.
Key Takeaway
Ferguson Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ferguson Township, PA
How much do homes in Ferguson Township, PA cost?
Median Sold Price
$430,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ferguson Township have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Ferguson Township was $430,000 in March 2024, up 2.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $261.9K | N/A |
| 2 Bedrooms | $352.4K | $288.5K | -18.1% |
| 3 Bedrooms | $351.2K | $379.9K | +8.2% |
| 4 Bedrooms | $500K | $470K | -6.0% |
| 5+ Bedrooms | $715K | $810K | +13.3% |
Summary: Ferguson 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 decreased by 18.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Patton Township | $348.9K | $380K | +8.9% |
| State College | $385.7K | $398.8K | +3.4% |
| Ferguson Township | $419.4K | $430K | +2.5% |
| College Township | $399.9K | $372.5K | -6.9% |
Housing Supply in Ferguson Township, PA
How many homes are available in Ferguson Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 62 | +31.9% |
Summary: The Ferguson Township real estate market had 62 homes for sale in March 2024, a 31.9% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 14 | 20 | +42.9% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Ferguson 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ferguson Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Ferguson Township in March 2024, up by 100.0% 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 Ferguson Township, PA
How long does it take to sell a home in Ferguson Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 44 Days | +36.4% |
Summary: Homes in Ferguson Township had an average of 44 days on market in Mar 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ferguson Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Ferguson Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
