Is Gilbertsville, 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, Gilbertsville was a Seller's Market.
Housing Prices in Gilbertsville, PA
How much do homes in Gilbertsville, PA cost?
Median Sold Price
$412,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gilbertsville was $412,500 in March 2024, down 4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $241K | $308.1K | +27.9% |
3 Bedrooms | $372.5K | $357.5K | -4.0% |
4 Bedrooms | $474.9K | $526K | +10.7% |
5+ Bedrooms | $520K | $582.5K | +12.0% |
Summary: Gilbertsville 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 27.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
Upper Pottsgrove Township | $335K | $366K | +9.3% |
New Hanover Township | $455K | $442K | -2.9% |
Gilbertsville | $429.9K | $412.5K | -4.0% |
Douglass Township | $395K | $375K | -5.1% |
Housing Supply in Gilbertsville, PA
How many homes are available in Gilbertsville, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 68 | +1.5% |
Summary: The Gilbertsville real estate market had 68 homes for sale in March 2024, a 1.5% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 26 | 26 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Gilbertsville 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 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Gilbertsville in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Gilbertsville, PA
How long does it take to sell a home in Gilbertsville, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 8 Days | +9.1% |
Summary: Homes in Gilbertsville had an average of 8 days on market in Mar 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Gilbertsville; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.