Is Richlandtown, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richlandtown is a neutral's market

Buyer's
Market

Difference Since March 2023

Since last year, Richlandtown has remained a Neutral Market.

Key Takeaway

Richlandtown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Richlandtown, PA

How much do homes in Richlandtown, PA cost?

Median Sold Price

$281,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$44,000(-13.5%)

Key Takeaway

Homes in Richlandtown have sold for 13.5% less than they did a year ago.

Summary: The median home sold price in Richlandtown was $281,000 in March 2024, down 13.5% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $312.5K$278.5K
-10.9%
4 $380K$280.5K
-26.2%
5+ -$930K
N/A

Summary: Richlandtown 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 did not change, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Richland Township
+0.7%
Richlandtown
-13.5%

Housing Supply in Richlandtown, PA

How many homes are available in Richlandtown, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
660.0%

Summary: The Richlandtown real estate market had 6 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 34
+33.3%
5+ 00
0.0%

Summary: The Richlandtown 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 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were 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 Richlandtown, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Richlandtown in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Mar 2023Mar 2024CHANGE
7 Days8 Days+14.3%

Summary: Homes in Richlandtown had an average of 8 days on market in Mar 2024, up by 14.3% compared to 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Richlandtown, PA

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