Is Shippensburg, 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, Shippensburg has remained a Seller's Market.
Housing Prices in Shippensburg, PA
How much do homes in Shippensburg, PA cost?
Median Sold Price
$260,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shippensburg was $260,000 in March 2024, up 36.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170K | $181.7K | +6.9% |
3 Bedrooms | $240K | $255K | +6.3% |
4 Bedrooms | $170K | $349K | +105.3% |
5+ Bedrooms | $170K | $347.5K | +104.4% |
Summary: Shippensburg 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 6.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 105.3%, and 5+ bedroom homes increased by 104.4%.
Median Sold Price Compared To Nearby Cities
Shippensburg | $190K | $260K | +36.8% |
Southampton Township | $382.5K | $425K | +11.1% |
Shippensburg Township | $235K | $260K | +10.6% |
Southampton Township | $410K | $444.7K | +8.5% |
Housing Supply in Shippensburg, PA
How many homes are available in Shippensburg, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 91 | +1.1% |
Summary: The Shippensburg real estate market had 91 homes for sale in March 2024, a 1.1% 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 | 12 | 15 | +25.0% |
3 Bedrooms | 46 | 44 | -4.3% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Shippensburg 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 increased by 25%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Shippensburg in March 2024, up by 69.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 45% were sold at asking, and 14% were sold over asking.
Days on Market for Shippensburg, PA
How long does it take to sell a home in Shippensburg, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 76 Days | +77.5% |
Summary: Homes in Shippensburg had an average of 76 days on market in Mar 2024, up by 77.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Shippensburg; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.