Is Harrisburg, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harrisburg is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Harrisburg has remained a Neutral Market.

Key Takeaway

Harrisburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Harrisburg, PA

How much do homes in Harrisburg, PA cost?

Median Sold Price

$227,208

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$58,458(+34.6%)

Key Takeaway

Homes in Harrisburg have sold for 34.6% more than they did a year ago.

Summary: The median home sold price in Harrisburg was $227,208 in February 2024, up 34.6% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $145K$129K
-11.0%
2 $170K$199K
+17.1%
3 $175K$230K
+31.4%
4 $186.2K$286.4K
+53.8%
5+ $109.9K$181.9K
+65.6%

Summary: Harrisburg housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 65.6%.

Median Sold Price Compared To Nearby Cities

Harrisburg
+34.6%
Susquehanna Township
+15.2%
Lemoyne
+13.7%
East Pennsboro Township
+0.9%

Housing Supply in Harrisburg, PA

How many homes are available in Harrisburg, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
635612-3.6%

Summary: The Harrisburg real estate market had 612 homes for sale in February 2024, a 3.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 56
+20.0%
2 6147
-23.0%
3 283279
-1.4%
4 188179
-4.8%
5+ 98101
+3.1%

Summary: The Harrisburg housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 23%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 3.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12790-29.1%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harrisburg, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Summary: A total of 90 homes were sold or pending in Harrisburg in February 2024, down by 29.1% month-over-month. Of the 90 sold homes, 39% were sold under asking, 34% were sold at asking, and 27% were sold over asking.

Days on Market for Harrisburg, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
26 Days25 Days-1.1%

Summary: Homes in Harrisburg had an average of 25 days on market in Feb 2024, down by 1.1% compared to last year.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 90 homes were sold in Harrisburg; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% 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 27 Days Ago

Newest Listings in Harrisburg, PA

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