Is Gap, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Gap was a Buyer's Market.
Housing Prices in Gap, PA
How much do homes in Gap, PA cost?
Median Sold Price
$365,750
$274/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Gap was $365,750 in February 2024, down 32.8% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $544.5K | $365.7K | -32.8% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Gap housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 32.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Christiana | $168K | $335K | +99.4% |
Gap | $544.5K | $365.7K | -32.8% |
Salisbury Township | $567.2K | $349K | -38.5% |
Housing Supply in Gap, PA
How many homes are available in Gap, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Summary: The Gap real estate market had 14 homes for sale in February 2024, a 16.7% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gap 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Gap in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Gap, PA
How long does it take to sell a home in Gap, PA?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 Days | 30 Days | +130.8% |
Summary: Homes in Gap had an average of 30 days on market in Feb 2024, up by 130.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Gap; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.