Is Palmyra Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Palmyra Township has remained a Seller's Market.
Housing Prices in Palmyra Township, PA
How much do homes in Palmyra Township, PA cost?
Median Sold Price
$314,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Palmyra Township was $314,000 in April 2024, up 4.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $217.5K | $219.4K | +0.9% |
3 Bedrooms | $250K | $282.5K | +13.0% |
4 Bedrooms | $380K | $408.5K | +7.5% |
5+ Bedrooms | $686.7K | $476.5K | -30.6% |
Summary: Palmyra 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 increased by 0.9%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 30.6%.
Housing Supply in Palmyra Township, PA
How many homes are available in Palmyra Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 65 | +25.0% |
Summary: The Palmyra Township real estate market had 65 homes for sale in April 2024, a 25.0% 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 | 10 | 10 | 0.0% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 13 | 24 | +84.6% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Palmyra 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 remained the same, 4 bedroom homes increased by 84.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Palmyra Township in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 33% were sold at asking, and 47% were sold over asking.
Days on Market for Palmyra Township, PA
How long does it take to sell a home in Palmyra Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 33 Days | +403.4% |
Summary: Homes in Palmyra Township had an average of 33 days on market in Apr 2024, up by 403.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Palmyra Township; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.