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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plumstead Township is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Plumstead Township, PA cost?

Median Sold Price

$510,500

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$72,500(+16.6%)

Key Takeaway

Homes in Plumstead Township have sold for 16.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $277.5K$283.7K
+2.3%
3 $353K$418K
+18.4%
4 $600K$680K
+13.3%
5+ $742.5K$1.0M
+36.0%

Median Sold Price Compared To Nearby Cities

Pipersville
+29.1%
Plumstead Township
+16.6%
Fountainville
0.0%

How many homes are available in Plumstead Township, PA?

Number of Homes For Sale

Jul 2022Aug 2022%
4653+15.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 66
0.0%
3 1421
+50.0%
4 2019
-5.0%
5+ 67
+16.7%

Number of Homes Sold

Jul 2022Aug 2022%
017+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plumstead Township, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
6 Days18 Days+174.8%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Plumstead Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Plumstead Township, PA

Homes for sale in Plumstead Township, PA have reached 53. The number of listings in Plumstead Township, PA increased by 15.2% between July 2022 and August 2022. While the average time on the market in August 2022 was 18 days, the median list price was $510,500. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 2.3%, prices of 3 bedrooms properties went up by 18.4%, 4 bedrooms properties prices increased by 13.3%, 5 bedrooms properties prices increased by 36%. Volume of homes for sale changed: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went up by 50%, 4 bedrooms homes became 5% less available, number of 5 bedrooms homes increased by 16.7%. Over 7 listings were sold over their listed price in August 2022 in Plumstead Township, PA. In the same period over 6 listings were sold below the listed price and 4 listings were sold for the listed price.

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