Is Hershey, 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, Hershey has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $248.7K | $271.2K | +9.0% |
3 Bedrooms | $357K | $345.5K | -3.2% |
4 Bedrooms | $410.5K | $500K | +21.8% |
5+ Bedrooms | $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 | $248.4K | $315K | +26.8% |
North Londonderry Township | $315K | $376.5K | +19.5% |
Hershey | $385.5K | $392.3K | +1.8% |
Derry Township | $365K | $336.6K | -7.8% |
Housing Supply in Hershey, PA
How many homes are available in Hershey, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 35 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 13 | 10 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 6 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 52 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
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.