Is Latimore Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Latimore Township was a Buyer's Market.
Key Takeaway
Latimore Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Latimore Township, PA
How much do homes in Latimore Township, PA cost?
Median Sold Price
$359,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Latimore Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Latimore Township was $359,900 in April 2024, up 4.8% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $226K | -30.5% |
| 3 Bedrooms | $230K | $322K | +40.0% |
| 4 Bedrooms | $374.5K | $386.2K | +3.1% |
| 5+ Bedrooms | $309.9K | $346K | +11.6% |
Summary: Latimore Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.5%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Reading Township | $209.9K | $238.7K | +13.7% |
| Latimore Township | $343.5K | $359.9K | +4.8% |
| Washington Township | $214.2K | $220.3K | +2.8% |
| Franklin Township | $312K | $255K | -18.3% |
Housing Supply in Latimore Township, PA
How many homes are available in Latimore Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Latimore Township real estate market had 6 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Latimore Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latimore Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Latimore Township in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Latimore Township, PA
How long does it take to sell a home in Latimore Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 66 Days | +1220.0% |
Summary: Homes in Latimore Township had an average of 66 days on market in Apr 2024, up by 1220% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Latimore Township has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Latimore Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
