Is Hummelstown, 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, Hummelstown has remained a Seller's Market.
Key Takeaway
Hummelstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hummelstown, PA
How much do homes in Hummelstown, PA cost?
Median Sold Price
$350,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hummelstown have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Hummelstown was $350,000 in March 2024, up 13.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $251.4K | $272.8K | +8.5% |
| 3 Bedrooms | $260K | $313.5K | +20.6% |
| 4 Bedrooms | $360K | $475K | +31.9% |
| 5+ Bedrooms | $560K | $772.5K | +37.9% |
Summary: Hummelstown 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 8.5%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Cities
| South Hanover Township | $288.5K | $385K | +33.4% |
| Hummelstown | $307.5K | $350K | +13.8% |
| Derry Township | $360K | $340K | -5.6% |
Housing Supply in Hummelstown, PA
How many homes are available in Hummelstown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 68 | +11.5% |
Summary: The Hummelstown real estate market had 68 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 17 | 25 | +47.1% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Hummelstown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 47.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hummelstown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Hummelstown in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Hummelstown, PA
How long does it take to sell a home in Hummelstown, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 77 Days | +122.3% |
Summary: Homes in Hummelstown had an average of 77 days on market in Mar 2024, up by 122.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hummelstown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Hummelstown; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
