Is Myerstown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Myerstown was a Seller's Market.
Housing Prices in Myerstown, PA
How much do homes in Myerstown, PA cost?
Median Sold Price
$264,900
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Myerstown was $264,900 in March 2024, up 19.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $169.1K | $207K | +22.4% |
3 Bedrooms | $230K | $243K | +5.7% |
4 Bedrooms | $430K | $330K | -23.3% |
5+ Bedrooms | - | $278.7K | N/A |
Summary: Myerstown 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 22.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Myerstown | $222K | $264.9K | +19.3% |
Jackson Township | $260K | $264.9K | +1.9% |
Housing Supply in Myerstown, PA
How many homes are available in Myerstown, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 48 | -2.0% |
Summary: The Myerstown real estate market had 48 homes for sale in March 2024, a 2.0% decrease 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 | 11 | 10 | -9.1% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Myerstown 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 9.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Myerstown in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Myerstown, PA
How long does it take to sell a home in Myerstown, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
139 Days | 13 Days | -90.7% |
Summary: Homes in Myerstown had an average of 13 days on market in Mar 2024, down by 90.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Myerstown; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.