Is Nottingham Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nottingham Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Nottingham Township, PA

How much do homes in Nottingham Township, PA cost?

Median Sold Price

$400,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$500(-0.1%)

Key Takeaway

The sold price of homes in Nottingham Township has remained the same since last year.

Summary: The median home sold price in Nottingham Township was $400,000 in February 2024, down 0.1% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $310K$243K
-21.6%
3 $355K$379.3K
+6.8%
4 $520K$465K
-10.6%
5+ $487.5K$649.4K
+33.2%

Summary: Nottingham Township 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 decreased by 21.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 33.2%.

Median Sold Price Compared To Nearby Cities

Nottingham Township
-0.1%
Peters Township
-10.7%

Housing Supply in Nottingham Township, PA

How many homes are available in Nottingham Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1718+5.9%

Summary: The Nottingham Township real estate market had 18 homes for sale in February 2024, a 5.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 25
+150.0%
4 1310
-23.1%
5+ 12
+100.0%

Summary: The Nottingham Township 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 remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nottingham Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Nottingham Township in February 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Nottingham Township, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
30 Days70 Days+133.3%

Summary: Homes in Nottingham Township had an average of 70 days on market in Feb 2024, up by 133.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Nottingham Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 5 homes were sold in Nottingham Township; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 27 Days Ago

Newest Listings in Nottingham Township, PA

Nearby Markets to Nottingham Township, PA

What housing markets are near Nottingham Township, PA?