Is Salem Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Salem Township was a Neutral Market.
Housing Prices in Salem Township, PA
How much do homes in Salem Township, PA cost?
Median Sold Price
$200,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Salem Township was $200,000 in February 2024, down 29.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $193.4K | - | N/A |
2 Bedrooms | $180K | $199.9K | +11.1% |
3 Bedrooms | $255.5K | $265K | +3.7% |
4 Bedrooms | $401.6K | $108.5K | -73.0% |
5+ Bedrooms | $350K | $370K | +5.7% |
Summary: Salem Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 73%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Delmont | $245K | $232.5K | -5.1% |
Salem Township | $285.5K | $200K | -29.9% |
Housing Supply in Salem Township, PA
How many homes are available in Salem Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The Salem Township real estate market had 16 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Salem Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Salem Township in February 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Salem Township, PA
How long does it take to sell a home in Salem Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
33 Days | 64 Days | +92.0% |
Summary: Homes in Salem Township had an average of 64 days on market in Feb 2024, up by 92% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Salem Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.