Is West Manheim Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, West Manheim Township was a Seller's Market.
Key Takeaway
West Manheim 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 West Manheim Township, PA
How much do homes in West Manheim Township, PA cost?
Median Sold Price
$358,240
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Manheim Township have sold for 23.6% more than they did a year ago.
Summary: The median home sold price in West Manheim Township was $358,240 in April 2024, up 23.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189.9K | $187.5K | -1.3% |
| 3 Bedrooms | $245K | $255K | +4.1% |
| 4 Bedrooms | $367.4K | $387.9K | +5.6% |
| 5+ Bedrooms | $401K | $424.9K | +6.0% |
Summary: West Manheim 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 decreased by 1.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| West Manheim Township | $289.9K | $358.2K | +23.6% |
| Manheim Township | $301K | $313.2K | +4.1% |
| Penn Township | $267K | $275K | +3.0% |
Housing Supply in West Manheim Township, PA
How many homes are available in West Manheim Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 55 | +7.8% |
Summary: The West Manheim Township real estate market had 55 homes for sale in April 2024, a 7.8% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The West Manheim 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 100%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Manheim Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in West Manheim Township in April 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for West Manheim Township, PA
How long does it take to sell a home in West Manheim Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 82 Days | 74 Days | -9.0% |
Summary: Homes in West Manheim Township had an average of 74 days on market in Apr 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
5 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 West Manheim Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in West Manheim Township; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
