Is Shrewsbury, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Shrewsbury was a Buyer's Market.
Housing Prices in Shrewsbury, PA
How much do homes in Shrewsbury, PA cost?
Median Sold Price
$330,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shrewsbury was $330,000 in March 2024, up 8.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $115K | - | N/A |
3 Bedrooms | $295K | $300K | +1.7% |
4 Bedrooms | $333.5K | $355K | +6.4% |
5+ Bedrooms | $539K | $514.9K | -4.5% |
Summary: Shrewsbury 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 did not change, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
Shrewsbury | $304K | $330K | +8.6% |
Hopewell Township | $357.5K | $375K | +4.9% |
Shrewsbury Township | $348K | $330K | -5.2% |
Housing Supply in Shrewsbury, PA
How many homes are available in Shrewsbury, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Summary: The Shrewsbury real estate market had 28 homes for sale in March 2024, a 12.5% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Shrewsbury 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 decreased by 12.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Shrewsbury in March 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Shrewsbury, PA
How long does it take to sell a home in Shrewsbury, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 20 Days | +87.9% |
Summary: Homes in Shrewsbury had an average of 20 days on market in Mar 2024, up by 87.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Shrewsbury; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.