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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raccoon Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Raccoon Township, PA

How much do homes in Raccoon Township, PA cost?

Median Sold Price

$329,950

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$79,950(+32.0%)

Key Takeaway

Homes in Raccoon Township have sold for 32% more than they did a year ago.

Summary: The median home sold price in Raccoon Township was $329,950 in September 2024, up 32% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $145K$215K
+48.3%
3 $247.5K$220K
-11.1%
4 $365.9K$319K
-12.8%
5+ $395K$435K
+10.1%

Summary: Raccoon Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Cities

Raccoon Township
+32.0%
Center Township
+7.6%
Industry
0.1%

Housing Supply in Raccoon Township, PA

How many homes are available in Raccoon Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
57+40.0%

Summary: The Raccoon Township real estate market had 7 homes for sale in September 2024, a 40.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 01
+100.0%
4 24
+100.0%
5+ 10
-100.0%

Summary: The Raccoon Township housing inventory by bedroom type for September 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 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Raccoon Township in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Raccoon Township, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days19 Days+11.8%

Summary: Homes in Raccoon Township had an average of 19 days on market in Sep 2024, up by 11.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Raccoon 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 30 Days Ago

Newest Listings in Raccoon Township, PA

Nearby Markets to Raccoon Township, PA

What housing markets are near Raccoon Township, PA?