Is Richlandtown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Richlandtown has remained a Seller's Market.
Key Takeaway
Richlandtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richlandtown, PA
How much do homes in Richlandtown, PA cost?
Median Sold Price
$262,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Richlandtown have sold for 19.4% less than they did a year ago.
Summary: The median home sold price in Richlandtown was $262,000 in June 2024, down 19.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $289.9K | $260K | -10.3% |
| 4 Bedrooms | $450.5K | $267K | -40.7% |
| 5+ Bedrooms | - | $930K | N/A |
Summary: Richlandtown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 40.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Richland Township | $380K | $400K | +5.3% |
| Richlandtown | $325K | $262K | -19.4% |
Housing Supply in Richlandtown, PA
How many homes are available in Richlandtown, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Richlandtown real estate market had 5 homes for sale in June 2024, a 37.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richlandtown housing inventory by bedroom type for June 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 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richlandtown, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Richlandtown in June 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Richlandtown, PA
How long does it take to sell a home in Richlandtown, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | 0.0% |
Summary: Homes in Richlandtown had an average of 6 days on market in Jun 2024, the same as last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richlandtown are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 1 homes were sold in Richlandtown; 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.
