Is Wilkins Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilkins Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Wilkins Township was a Seller's Market.

Key Takeaway

Wilkins Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wilkins Township, PA

How much do homes in Wilkins Township, PA cost?

Median Sold Price

$180,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$4,000(+2.3%)

Key Takeaway

Homes in Wilkins Township have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Wilkins Township was $180,000 in May 2024, up 2.3% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $127.5K$108.2K
-15.1%
3 $153.3K$169.9K
+10.8%
4 $334K$274K
-18.0%
5+ $471.3K$330K
-30.0%

Summary: Wilkins Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 30%.

Median Sold Price Compared To Nearby Cities

Turtle Creek
+19.4%
Forest Hills
+4.8%
Wilkins Township
+2.3%
Churchill
-9.0%
Chalfant
-26.4%

Housing Supply in Wilkins Township, PA

How many homes are available in Wilkins Township, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3032+6.7%

Summary: The Wilkins Township real estate market had 32 homes for sale in May 2024, a 6.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 2121
0.0%
4 45
+25.0%
5+ 22
0.0%

Summary: The Wilkins Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilkins Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Wilkins Township in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Wilkins Township, PA

How long does it take to sell a home in Wilkins Township, PA?

Average Sale Time

May 2023May 2024CHANGE
34 Days18 Days-46.1%

Summary: Homes in Wilkins Township had an average of 18 days on market in May 2024, down by 46.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wilkins Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Wilkins Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Wilkins Township, PA

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