Is Trappe, 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, Trappe has remained a Seller's Market.
Key Takeaway
Trappe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trappe, PA
How much do homes in Trappe, PA cost?
Median Sold Price
$410,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Trappe have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Trappe was $410,500 in April 2024, up 6.6% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $318.7K | $342K | +7.3% |
| 3 Bedrooms | $352.5K | $386K | +9.5% |
| 4 Bedrooms | $425K | $730K | +71.8% |
| 5+ Bedrooms | $624.9K | $647.5K | +3.6% |
Summary: Trappe 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 7.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 71.8%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Trappe | $385K | $410.5K | +6.6% |
| Perkiomen Township | $400K | $426.3K | +6.6% |
| Upper Providence Township | $475K | $475K | 0.0% |
| Collegeville | $539.9K | $510K | -5.6% |
Housing Supply in Trappe, PA
How many homes are available in Trappe, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Summary: The Trappe real estate market had 9 homes for sale in April 2024, a 35.7% 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 | 5 | 2 | -60.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Trappe 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 decreased by 60%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
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 April 2024, down by 60.0% month-over-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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 4 Days | +12.5% |
Summary: Homes in Trappe had an average of 4 days on market in Apr 2024, up by 12.5% 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 April 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.
