Is Hempfield Township, 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, Hempfield Township has remained a Seller's Market.
Housing Prices in Hempfield Township, PA
How much do homes in Hempfield Township, PA cost?
Median Sold Price
$248,083
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hempfield Township was $248,083 in March 2024, up 3.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $27.5K | N/A |
2 Bedrooms | $145K | $160K | +10.3% |
3 Bedrooms | $220K | $237K | +7.7% |
4 Bedrooms | $335K | $360K | +7.5% |
5+ Bedrooms | $400K | $403.5K | +0.9% |
Summary: Hempfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
Greensburg | $176.5K | $232.9K | +32.0% |
South Greensburg | $147.2K | $182.5K | +23.9% |
Hempfield Township | $239.9K | $248K | +3.4% |
Housing Supply in Hempfield Township, PA
How many homes are available in Hempfield Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 116 | +1.8% |
Summary: The Hempfield Township real estate market had 116 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 60 | 66 | +10.0% |
4 Bedrooms | 27 | 24 | -11.1% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Hempfield Township 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 decreased by 10%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 39 | +62.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Hempfield Township in March 2024, up by 62.5% month-over-month. Of the 39 sold homes, 46% were sold under asking, 10% were sold at asking, and 44% were sold over asking.
Days on Market for Hempfield Township, PA
How long does it take to sell a home in Hempfield Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 47 Days | +27.9% |
Summary: Homes in Hempfield Township had an average of 47 days on market in Mar 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in Hempfield Township; 51% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.