Is Ross 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, Ross Township has remained a Seller's Market.
Key Takeaway
Ross Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ross Township, PA
How much do homes in Ross Township, PA cost?
Median Sold Price
$265,250
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ross Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Ross Township was $265,250 in March 2024, up 6.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $109.5K | +9.5% |
| 2 Bedrooms | $202.4K | $209.9K | +3.7% |
| 3 Bedrooms | $254K | $265K | +4.3% |
| 4 Bedrooms | $350K | $387K | +10.6% |
| 5+ Bedrooms | $385K | $525K | +36.4% |
Summary: Ross Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Cities
| Bellevue | $210K | $235K | +11.9% |
| West View | $203.5K | $225K | +10.6% |
| Reserve Township | $207K | $225K | +8.7% |
| Ross Township | $250K | $265.2K | +6.1% |
| Shaler Township | $255K | $264.8K | +3.9% |
Housing Supply in Ross Township, PA
How many homes are available in Ross Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 93 | +22.4% |
Summary: The Ross Township real estate market had 93 homes for sale in March 2024, a 22.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 42 | 56 | +33.3% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ross 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 decreased by 8.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ross Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Ross Township in March 2024, up by 52.9% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Ross Township, PA
How long does it take to sell a home in Ross Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 59 Days | +95.7% |
Summary: Homes in Ross Township had an average of 59 days on market in Mar 2024, up by 95.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ross Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in Ross Township; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.