Is Harrisburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Harrisburg has remained a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $129K | -11.0% |
2 Bedrooms | $170K | $199K | +17.1% |
3 Bedrooms | $175K | $230K | +31.4% |
4 Bedrooms | $186.2K | $286.4K | +53.8% |
5+ Bedrooms | $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 | $168.7K | $227.2K | +34.6% |
Susquehanna Township | $217K | $250K | +15.2% |
Lemoyne | $215.5K | $245K | +13.7% |
East Pennsboro Township | $229.5K | $231.5K | +0.9% |
Housing Supply in Harrisburg, PA
How many homes are available in Harrisburg, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
635 | 612 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 61 | 47 | -23.0% |
3 Bedrooms | 283 | 279 | -1.4% |
4 Bedrooms | 188 | 179 | -4.8% |
5+ Bedrooms | 98 | 101 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
127 | 90 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
26 Days | 25 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
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.