$1,342 Closing Credit*
$113,000
744 SqFt
1 Bed
•1 Full Bath
Taylor Kapterian, Listing Office: Realty One Group Generations
Is Rapho Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Rapho Township has remained a Seller's Market.
Key Takeaway
Rapho Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rapho Township, PA
How much do homes in Rapho Township, PA cost?
Median Sold Price
$373,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$3,000(+0.8%)
Key Takeaway
Homes in Rapho Township have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Rapho Township was $373,000 in September 2024, up 0.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $101.5K | +1.5% |
| 2 Bedrooms | $335K | $340K | +1.5% |
| 3 Bedrooms | $368.2K | $366.2K | -0.5% |
| 4 Bedrooms | $410K | $475K | +15.9% |
| 5+ Bedrooms | $400K | $380K | -5.0% |
Summary: Rapho Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Manheim | $295K | $335K | +13.6% |
| Penn Township | $311K | $350K | +12.5% |
| Rapho Township | $370K | $373K | +0.8% |
| Mount Joy | $325K | $325K | 0.0% |
| Mount Joy Township | $329K | $325K | -1.2% |
Housing Supply in Rapho Township, PA
How many homes are available in Rapho Township, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The Rapho Township real estate market had 19 homes for sale in September 2024, a 24.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rapho 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 increased by 100%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rapho Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Rapho Township in September 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Rapho Township, PA
How long does it take to sell a home in Rapho Township, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 38 Days | 13 Days | -65.2% |
Summary: Homes in Rapho Township had an average of 13 days on market in Sep 2024, down by 65.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rapho Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Rapho Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
