$4,749 Closing Credit*
$399,900
1,284 SqFt
2 Beds
•2 Full Baths
Kathleen Wolfgang, Listing Office: Keller Williams Real Estate -Exton
Is Trappe, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Trappe was a Seller's Market.
Key Takeaway
Trappe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Trappe, PA
How much do homes in Trappe, PA cost?
Median Sold Price
$410,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$8,000(-1.9%)
Key Takeaway
Homes in Trappe have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Trappe was $410,000 in September 2024, down 1.9% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389.5K | $335K | -14.0% |
| 3 Bedrooms | $377K | $375K | -0.5% |
| 4 Bedrooms | $667K | $700K | +4.9% |
| 5+ Bedrooms | $615K | $835K | +35.8% |
Summary: Trappe housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 35.8%.
Median Sold Price Compared To Nearby Cities
| Upper Providence Township | $455K | $545K | +19.8% |
| Perkiomen Township | $387.5K | $450K | +16.1% |
| Collegeville | $539.9K | $538.5K | -0.3% |
| Trappe | $418K | $410K | -1.9% |
Housing Supply in Trappe, PA
How many homes are available in Trappe, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Summary: The Trappe real estate market had 15 homes for sale in September 2024, a 87.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 7 | +250.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Trappe housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 250%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trappe, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Trappe in September 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Trappe, PA
How long does it take to sell a home in Trappe, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 11 Days | 3 Days | -69.6% |
Summary: Homes in Trappe had an average of 3 days on market in Sep 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trappe are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Trappe; 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.
