$3,681 Closing Credit*
$310,000
1,889 SqFt
4 Beds
•3 Full Baths
Alberto Mateos, Listing Office: Coldwell Banker Realty
Is Hallam, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Hallam has remained a Seller's Market.
Key Takeaway
Hallam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hallam, PA
How much do homes in Hallam, PA cost?
Median Sold Price
$246,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$44,000(+21.8%)
Key Takeaway
Homes in Hallam have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in Hallam was $246,000 in August 2024, up 21.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $157.4K | -14.9% |
| 3 Bedrooms | $192.5K | $232.5K | +20.8% |
| 4 Bedrooms | $262.4K | $280K | +6.7% |
| 5+ Bedrooms | - | $260K | N/A |
Summary: Hallam housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hallam | $202K | $246K | +21.8% |
| Hellam Township | $251.2K | $296K | +17.8% |
Housing Supply in Hallam, PA
How many homes are available in Hallam, PA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Hallam real estate market had 12 homes for sale in August 2024, a 20.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hallam housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hallam, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hallam in August 2024, up by 100.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hallam, PA
How long does it take to sell a home in Hallam, PA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 5 Days | 55 Days | +934.4% |
Summary: Homes in Hallam had an average of 55 days on market in Aug 2024, up by 934.4% compared to last year.
Breakdown of Home Sale Times
3 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 Hallam are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 6 homes were sold in Hallam; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
