Is Shrewsbury Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Shrewsbury Township has remained a Seller's Market.
Key Takeaway
Shrewsbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shrewsbury Township, PA
How much do homes in Shrewsbury Township, PA cost?
Median Sold Price
$330,000
$138/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Shrewsbury Township has remained the same since last year.
Summary: The median home sold price in Shrewsbury Township was $330,000 in April 2024, the same as last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | - | N/A |
| 3 Bedrooms | $285K | $300K | +5.3% |
| 4 Bedrooms | $356K | $372.5K | +4.6% |
| 5+ Bedrooms | $447K | $550K | +23.0% |
Summary: Shrewsbury Township housing prices by bedroom type for April 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 5.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
| Shrewsbury Township | $330K | $330K | 0.0% |
| Shrewsbury Township | $330K | $330K | 0.0% |
Housing Supply in Shrewsbury Township, PA
How many homes are available in Shrewsbury Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Shrewsbury Township real estate market had 18 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shrewsbury Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shrewsbury Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Shrewsbury Township in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Shrewsbury Township, PA
How long does it take to sell a home in Shrewsbury Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 75 Days | +116.4% |
Summary: Homes in Shrewsbury Township had an average of 75 days on market in Apr 2024, up by 116.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shrewsbury Township has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Shrewsbury Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
