Is Rittersville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rittersville has remained a Seller's Market.
Key Takeaway
Rittersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rittersville, PA
How much do homes in Rittersville, PA cost?
Median Sold Price
$246,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rittersville have sold for 3% less than they did a year ago.
Summary: The median home sold price in Rittersville was $246,000 in April 2024, down 3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $185.6K | -29.9% |
| 3 Bedrooms | $228.7K | $242K | +5.8% |
| 4 Bedrooms | $265K | $280K | +5.7% |
| 5+ Bedrooms | - | $352.5K | N/A |
Summary: Rittersville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| East Side | $200K | $240K | +20.0% |
| Rittersville | $253.5K | $246K | -3.0% |
Housing Supply in Rittersville, PA
How many homes are available in Rittersville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The Rittersville real estate market had 3 homes for sale in April 2024, a 40.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rittersville housing inventory by bedroom type for April 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 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rittersville, 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 Rittersville in April 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 Rittersville, PA
How long does it take to sell a home in Rittersville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 11 Days | +83.3% |
Summary: Homes in Rittersville had an average of 11 days on market in Apr 2024, up by 83.3% 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
Key Takeaway
Many homes in Rittersville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Rittersville; 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.
