Is Shermans Dale, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shermans Dale is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Shermans Dale has remained a Seller's Market.

Key Takeaway

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

How much do homes in Shermans Dale, PA cost?

Median Sold Price

$350,000

$124/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

+$43,750(+14.3%)

Key Takeaway

Homes in Shermans Dale have sold for 14.3% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 --
N/A
3 $306.2K$311.2K
+1.6%
4 -$350K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Rye Township
+124.0%
Carroll Township
+27.8%
Shermans Dale
+14.3%

How many homes are available in Shermans Dale, PA?

Number of Homes For Sale

Dec 2022Jan 2023%
1012+20.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 36
+100.0%
5+ 01
+100.0%

Number of Homes Sold

Dec 2022Jan 2023%
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shermans Dale, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Dec 2022Jan 2023%
3 Days42 Days+1311.1%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shermans Dale are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Shermans Dale, PA

Shermans Dale, PA has 12 homes on the market. The number of homes for sale in Shermans Dale, PA increased by 20% between December 2022 and January 2023. In January 2023 median list price was $350,000 and the average listing age was 42 days. Listing prices have changed in this real estate market between January 2022 and January 2023: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 1.6%, 4 bedrooms properties became 0% more expensive, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 28.6%, volume of 4 bedrooms homes went up by 100%, number of 5 bedrooms homes increased by 100%. Shermans Dale, PA housing market in January 2023 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.