Is Upper Allen Township, 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, Upper Allen Township was a Seller's Market.
Key Takeaway
Upper Allen Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Upper Allen Township, PA
How much do homes in Upper Allen Township, PA cost?
Median Sold Price
$352,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Upper Allen Township have sold for 10% more than they did a year ago.
Summary: The median home sold price in Upper Allen Township was $352,000 in March 2024, up 10% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $136K | +14.3% |
| 2 Bedrooms | $165K | $236K | +43.0% |
| 3 Bedrooms | $311K | $325K | +4.5% |
| 4 Bedrooms | $494.5K | $511.7K | +3.5% |
| 5+ Bedrooms | $700K | $728K | +4.0% |
Summary: Upper Allen Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 43%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Mechanicsburg | $314.6K | $359.9K | +14.4% |
| Upper Allen Township | $320K | $352K | +10.0% |
| Lower Allen Township | $255K | $266K | +4.3% |
Housing Supply in Upper Allen Township, PA
How many homes are available in Upper Allen Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 90 | -15.1% |
Summary: The Upper Allen Township real estate market had 90 homes for sale in March 2024, a 15.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 36 | 30 | -16.7% |
| 4 Bedrooms | 47 | 41 | -12.8% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Upper Allen Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 15 | -53.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Allen Township, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Upper Allen Township in March 2024, down by 53.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Upper Allen Township, PA
How long does it take to sell a home in Upper Allen Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 32 Days | -35.4% |
Summary: Homes in Upper Allen Township had an average of 32 days on market in Mar 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Allen Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Upper Allen Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
