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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sharon Township is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Sharon Township has remained a Neutral Market.

Key Takeaway

Sharon Township 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 Sharon Township, PA

How much do homes in Sharon Township, PA cost?

Median Sold Price

$74,950

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$50,950(+212.3%)

Key Takeaway

Homes in Sharon Township have sold for 212.3% more than they did a year ago.

Summary: The median home sold price in Sharon Township was $74,950 in February 2024, up 212.3% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $71.2K$74K
+3.9%
3 $24K$74.9K
+212.1%
4 -$70K
N/A
5+ -$349K
N/A

Summary: Sharon 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 3.9%, 3 bedroom homes increased by 212.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sharon Township, PA

How many homes are available in Sharon Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5260+15.4%

Summary: The Sharon Township real estate market had 60 homes for sale in February 2024, a 15.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 3237
+15.6%
4 57
+40.0%
5+ 11
0.0%

Summary: The Sharon 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 7.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
19+800.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sharon Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Sharon Township in February 2024, up by 800.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.

Days on Market for Sharon Township, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
65 Days111 Days+70.3%

Summary: Homes in Sharon Township had an average of 111 days on market in Feb 2024, up by 70.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sharon Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 9 homes were sold in Sharon Township; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% 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 Sharon Township, PA

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