Is Shermans Dale, 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, 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.
Housing Prices in Shermans Dale, PA
How much do homes in Shermans Dale, PA cost?
Median Sold Price
$277,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shermans Dale have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Shermans Dale was $277,500 in March 2024, down 4.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140.5K | $228K | +62.3% |
| 3 Bedrooms | $279.9K | $270K | -3.6% |
| 4 Bedrooms | $362.8K | $298.9K | -17.6% |
| 5+ Bedrooms | $553K | $314.5K | -43.1% |
Summary: Shermans Dale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 43.1%.
Median Sold Price Compared To Nearby Cities
| Shermans Dale | $290K | $277.5K | -4.3% |
| Carroll Township | $325K | $261.5K | -19.5% |
Housing Supply in Shermans Dale, PA
How many homes are available in Shermans Dale, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Shermans Dale real estate market had 8 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shermans Dale 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shermans Dale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Shermans Dale in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Shermans Dale, PA
How long does it take to sell a home in Shermans Dale, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 42 Days | -13.1% |
Summary: Homes in Shermans Dale had an average of 42 days on market in Mar 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shermans Dale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Shermans Dale; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
