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 buyer's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

Plumstead Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Plumstead Township, PA

How much do homes in Plumstead Township, PA cost?

Median Sold Price

$535,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$116,000(-17.8%)

Key Takeaway

Homes in Plumstead Township have sold for 17.8% less than they did a year ago.

Summary: The median home sold price in Plumstead Township was $535,000 in January 2024, down 17.8% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 -$340K
N/A
2 $295.5K$340K
+15.1%
3 $448.5K$477K
+6.4%
4 $728.2K$692K
-5.0%
5+ $943.7K$969K
+2.7%

Summary: Plumstead Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Cities

Plumstead Township
-17.8%
Pipersville
-26.1%

Housing Supply in Plumstead Township, PA

How many homes are available in Plumstead Township, PA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
5547-14.5%

Summary: The Plumstead Township real estate market had 47 homes for sale in January 2024, a 14.5% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 910
+11.1%
4 3327
-18.2%
5+ 75
-28.6%

Summary: The Plumstead Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plumstead Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Plumstead Township in January 2024, down by 45.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Plumstead Township, PA

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

Average Sale Time

Jan 2023Jan 2024CHANGE
61 Days21 Days-64.5%

Summary: Homes in Plumstead Township had an average of 21 days on market in Jan 2024, down by 64.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During January 2024, 6 homes were sold in Plumstead Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Plumstead Township, PA

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What housing markets are near Plumstead Township, PA?