Is Salisbury Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Salisbury Township was a Buyer's Market.

Key Takeaway

Salisbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Salisbury Township, PA

How much do homes in Salisbury Township, PA cost?

Median Sold Price

$349,000

$219/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$218,250(-38.5%)

Key Takeaway

Homes in Salisbury Township have sold for 38.5% less than they did a month ago.

Summary: The median home sold price in Salisbury Township was $349,000 in February 2024, down 38.5% from last month, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$80K
N/A
3 $567.2K$349K
-38.5%
4 -$512K
N/A
5+ --
N/A

Summary: Salisbury Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 38.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Narvon
-13.2%
Gap
-32.8%
Salisbury Township
-38.5%

Housing Supply in Salisbury Township, PA

How many homes are available in Salisbury Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2023+15.0%

Summary: The Salisbury Township real estate market had 23 homes for sale in February 2024, a 15.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 25
+150.0%
3 98
-11.1%
4 89
+12.5%
5+ 00
0.0%

Summary: The Salisbury 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 increased by 150%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Salisbury Township in February 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Salisbury Township, PA

How long does it take to sell a home in Salisbury Township, PA?

Average Sale Time

Jan 2024Feb 2024CHANGE
9 Days34 Days+282.2%

Summary: Homes in Salisbury Township had an average of 34 days on market in Feb 2024, up by 282.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Salisbury Township has remained consistent over time.

Summary: During February 2024, 5 homes were sold in Salisbury Township; 40% of homes were sold within 30 days, 60% 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 27 Days Ago

Newest Listings in Salisbury Township, PA

Nearby Markets to Salisbury Township, PA

What housing markets are near Salisbury Township, PA?