Is Pequea 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, Pequea Township has remained a Seller's Market.
Key Takeaway
Pequea Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pequea Township, PA
How much do homes in Pequea Township, PA cost?
Median Sold Price
$339,400
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pequea Township have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Pequea Township was $339,400 in April 2024, down 4.1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $240K | -2.0% |
| 3 Bedrooms | $293.2K | $330K | +12.5% |
| 4 Bedrooms | $419K | $352K | -16.0% |
| 5+ Bedrooms | $505.6K | $512.5K | +1.4% |
Summary: Pequea 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 2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Conestoga | $324.9K | $345K | +6.2% |
| Pequea Township | $354K | $339.4K | -4.1% |
Housing Supply in Pequea Township, PA
How many homes are available in Pequea Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Pequea Township real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Pequea 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 decreased by 21.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pequea Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Pequea Township in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% were sold over asking.
Days on Market for Pequea Township, PA
How long does it take to sell a home in Pequea Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 7 Days | -84.9% |
Summary: Homes in Pequea Township had an average of 7 days on market in Apr 2024, down by 84.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pequea Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Pequea Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
