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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hershey is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Hershey, PA

How much do homes in Hershey, PA cost?

Median Sold Price

$392,350

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$6,850(+1.8%)

Key Takeaway

Homes in Hershey have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Hershey was $392,350 in February 2024, up 1.8% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $150K-
N/A
2 $248.7K$271.2K
+9.0%
3 $357K$345.5K
-3.2%
4 $410.5K$500K
+21.8%
5+ $519.8K$537.5K
+3.4%

Summary: Hershey housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Cities

Palmyra
+26.8%
North Londonderry Township
+19.5%
Hershey
+1.8%
Derry Township
-7.8%

Housing Supply in Hershey, PA

How many homes are available in Hershey, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3935-10.3%

Summary: The Hershey real estate market had 35 homes for sale in February 2024, a 10.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 910
+11.1%
4 1414
0.0%
5+ 1310
-23.1%

Summary: The Hershey housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hershey, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hershey in February 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Hershey, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
37 Days52 Days+40.3%

Summary: Homes in Hershey had an average of 52 days on market in Feb 2024, up by 40.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 6 homes were sold in Hershey; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 28 Days Ago

Newest Listings in Hershey, PA

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