Is Gilbertsville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Gilbertsville has remained a Seller's Market.
Key Takeaway
Gilbertsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gilbertsville, PA
How much do homes in Gilbertsville, PA cost?
Median Sold Price
$430,111
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Gilbertsville has remained the same since last year.
Summary: The median home sold price in Gilbertsville was $430,111 in November 2023, up 0.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221K | $315.6K | +42.8% |
| 3 Bedrooms | $357.4K | $370K | +3.5% |
| 4 Bedrooms | $487.6K | $500K | +2.5% |
| 5+ Bedrooms | $590K | $542.7K | -8.0% |
Summary: Gilbertsville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
| Upper Pottsgrove Township | $325K | $380K | +16.9% |
| New Hanover Township | $435K | $452.2K | +4.0% |
| Gilbertsville | $429.4K | $430.1K | 0.2% |
| Douglass Township | $390K | $390K | 0.0% |
Housing Supply in Gilbertsville, PA
How many homes are available in Gilbertsville, PA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 57 | 49 | -14.0% |
Summary: The Gilbertsville real estate market had 49 homes for sale in November 2023, a 14.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 23 | 19 | -17.4% |
| 4 Bedrooms | 27 | 26 | -3.7% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Gilbertsville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gilbertsville, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Gilbertsville in November 2023, down by 37.5% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 26 Days | 16 Days | -36.8% |
Summary: Homes in Gilbertsville had an average of 16 days on market in Nov 2023, down by 36.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gilbertsville are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 10 homes were sold in Gilbertsville; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
