Is Rapho 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, 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
$377,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rapho Township have sold for 9% more than they did a year ago.
Summary: The median home sold price in Rapho Township was $377,000 in March 2024, up 9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.5K | $101K | +28.6% |
| 2 Bedrooms | $271.4K | $348.5K | +28.4% |
| 3 Bedrooms | $348.4K | $368.2K | +5.7% |
| 4 Bedrooms | $375K | $452K | +20.5% |
| 5+ Bedrooms | $1.3M | $380K | -71.0% |
Summary: Rapho Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 71%.
Median Sold Price Compared To Nearby Cities
| Manheim | $250K | $310.1K | +24.1% |
| Mount Joy | $307.5K | $339.9K | +10.5% |
| Mount Joy Township | $305K | $335K | +9.8% |
| Rapho Township | $346K | $377K | +9.0% |
| Penn Township | $326.5K | $340K | +4.1% |
Housing Supply in Rapho Township, PA
How many homes are available in Rapho Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The Rapho Township real estate market had 32 homes for sale in March 2024, a 17.9% decrease 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Rapho 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 decreased by 23.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rapho Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Rapho Township in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 7 Days | -54.9% |
Summary: Homes in Rapho Township had an average of 7 days on market in Mar 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were 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 March 2024, 6 homes were sold in Rapho Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
