Is West Hempfield 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, West Hempfield Township has remained a Seller's Market.
Key Takeaway
West Hempfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Hempfield Township, PA
How much do homes in West Hempfield Township, PA cost?
Median Sold Price
$340,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Hempfield Township have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in West Hempfield Township was $340,000 in April 2024, up 7.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $206.5K | $213.1K | +3.2% |
| 3 Bedrooms | $293K | $305K | +4.1% |
| 4 Bedrooms | $376.5K | $415K | +10.2% |
| 5+ Bedrooms | $450K | $375K | -16.7% |
Summary: West Hempfield 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 3.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Wrightsville | $204.5K | $245K | +19.8% |
| Mountville | $291.2K | $317K | +8.8% |
| West Hempfield Township | $317.5K | $340K | +7.1% |
| Columbia | $214K | $225K | +5.1% |
| East Donegal Township | $309.9K | $323.3K | +4.3% |
Housing Supply in West Hempfield Township, PA
How many homes are available in West Hempfield Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Summary: The West Hempfield Township real estate market had 21 homes for sale in April 2024, a 25.0% 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 | 3 | +50.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 7 | 2 | -71.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The West Hempfield 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 increased by 50%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Hempfield Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in West Hempfield Township in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for West Hempfield Township, PA
How long does it take to sell a home in West Hempfield Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 17 Days | +91.5% |
Summary: Homes in West Hempfield Township had an average of 17 days on market in Apr 2024, up by 91.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Hempfield Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in West Hempfield Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
