Is Hamilton Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamilton Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hamilton Township has remained a Seller's Market.

Key Takeaway

Hamilton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hamilton Township, PA

How much do homes in Hamilton Township, PA cost?

Median Sold Price

$315,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+5.0%)

Key Takeaway

Homes in Hamilton Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in Hamilton Township was $315,000 in May 2024, up 5% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $185K$199.4K
+7.8%
3 $252.5K$263K
+4.2%
4 $330K$365K
+10.6%
5+ $381.5K$450K
+18.0%

Summary: Hamilton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 18%.

Median Sold Price Compared To Nearby Cities

Hamilton Township
+5.0%
Chambersburg
+5.0%
Saint Thomas Township
-0.4%
Guilford Township
-1.7%

Housing Supply in Hamilton Township, PA

How many homes are available in Hamilton Township, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4861+27.1%

Summary: The Hamilton Township real estate market had 61 homes for sale in May 2024, a 27.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2123
+9.5%
4 1925
+31.6%
5+ 610
+66.7%

Summary: The Hamilton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamilton Township, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Hamilton Township in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.

Days on Market for Hamilton Township, PA

How long does it take to sell a home in Hamilton Township, PA?

Average Sale Time

May 2023May 2024CHANGE
46 Days16 Days-63.7%

Summary: Homes in Hamilton Township had an average of 16 days on market in May 2024, down by 63.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hamilton Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 12 homes were sold in Hamilton Township; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Hamilton Township, PA

Nearby Markets to Hamilton Township, PA

What housing markets are near Hamilton Township, PA?