Is Harrisburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Harrisburg has remained a Seller's Market.
Housing Prices in Harrisburg, PA
How much do homes in Harrisburg, PA cost?
Median Sold Price
$229,928
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Harrisburg was $229,928 in March 2024, up 31.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $125K | -30.6% |
2 Bedrooms | $172.5K | $199.4K | +15.6% |
3 Bedrooms | $185K | $230.7K | +24.7% |
4 Bedrooms | $193.5K | $290.3K | +50.0% |
5+ Bedrooms | $115K | $180.9K | +57.4% |
Summary: Harrisburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 57.4%.
Median Sold Price Compared To Nearby Cities
Harrisburg | $175.4K | $229.9K | +31.1% |
Susquehanna Township | $218.3K | $250K | +14.5% |
Lemoyne | $212.7K | $239K | +12.3% |
East Pennsboro Township | $230K | $231.5K | +0.7% |
Housing Supply in Harrisburg, PA
How many homes are available in Harrisburg, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
652 | 675 | +3.5% |
Summary: The Harrisburg real estate market had 675 homes for sale in March 2024, a 3.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 51 | 55 | +7.8% |
3 Bedrooms | 301 | 311 | +3.3% |
4 Bedrooms | 190 | 198 | +4.2% |
5+ Bedrooms | 103 | 104 | +1.0% |
Summary: The Harrisburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 116 | +18.4% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 116 homes were sold or pending in Harrisburg in March 2024, up by 18.4% month-over-month. Of the 116 sold homes, 37% were sold under asking, 22% were sold at asking, and 41% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 24 Days | -17.5% |
Summary: Homes in Harrisburg had an average of 24 days on market in Mar 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 116 homes were sold in Harrisburg; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.