Is South Hanover 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, South Hanover Township has remained a Seller's Market.
Housing Prices in South Hanover Township, PA
How much do homes in South Hanover Township, PA cost?
Median Sold Price
$385,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Hanover Township was $385,000 in April 2024, up 40% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $190K | $232K | +22.1% |
3 Bedrooms | $250K | $345K | +38.0% |
4 Bedrooms | $426K | $549K | +28.9% |
5+ Bedrooms | $561.4K | $755K | +34.5% |
Summary: South Hanover 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 increased by 22.1%, 3 bedroom homes increased by 38%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Cities
South Hanover Township | $275K | $385K | +40.0% |
West Hanover Township | $275K | $330.5K | +20.2% |
Hummelstown | $315K | $350K | +11.1% |
Lower Paxton Township | $300K | $295.2K | -1.6% |
Derry Township | $355K | $346.6K | -2.3% |
Housing Supply in South Hanover Township, PA
How many homes are available in South Hanover Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Summary: The South Hanover Township real estate market had 25 homes for sale in April 2024, a 3.8% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The South Hanover 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 decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in South Hanover Township in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for South Hanover Township, PA
How long does it take to sell a home in South Hanover Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 12 Days | -64.3% |
Summary: Homes in South Hanover Township had an average of 12 days on market in Apr 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in South Hanover Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.