Is Plumstead Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
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 March 2023
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 March 2024, down 17.8% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $340K | N/A |
| 2 Bedrooms | $306.3K | $340K | +11.0% |
| 3 Bedrooms | $450K | $486.7K | +8.2% |
| 4 Bedrooms | $735K | $682.5K | -7.1% |
| 5+ Bedrooms | $841.2K | $1.0M | +24.5% |
Summary: Plumstead Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
| Plumstead Township | $651K | $535K | -17.8% |
| Pipersville | $723.2K | $536.6K | -25.8% |
Housing Supply in Plumstead Township, PA
How many homes are available in Plumstead Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 60 | +17.6% |
Summary: The Plumstead Township real estate market had 60 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 20 | +42.9% |
| 4 Bedrooms | 27 | 30 | +11.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Plumstead Township housing inventory by bedroom type for March 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 42.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plumstead Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Plumstead Township in March 2024, up by 140.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 32 Days | +8.7% |
Summary: Homes in Plumstead Township had an average of 32 days on market in Mar 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Plumstead Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Plumstead Township; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
