Is Bedford County, 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, Bedford County has remained a Seller's Market.
Key Takeaway
Bedford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford County, PA
How much do homes in Bedford County, PA cost?
Median Sold Price
$206,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bedford County have sold for 17% more than they did a year ago.
Summary: The median home sold price in Bedford County was $206,000 in April 2024, up 17% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $131K | +70.1% |
| 2 Bedrooms | $134.9K | $148.2K | +9.9% |
| 3 Bedrooms | $191.2K | $227.5K | +19.0% |
| 4 Bedrooms | $275K | $185K | -32.7% |
| 5+ Bedrooms | $450K | $232.5K | -48.3% |
Summary: Bedford County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.1%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 32.7%, and 5+ bedroom homes decreased by 48.3%.
Median Sold Price Compared To Nearby Counties
| Bedford County | $176K | $206K | +17.0% |
| Allegany County | $135K | $135K | 0.0% |
Housing Supply in Bedford County, PA
How many homes are available in Bedford County, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 36 | -12.2% |
Summary: The Bedford County real estate market had 36 homes for sale in April 2024, a 12.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 20 | 13 | -35.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Bedford County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 35%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bedford County in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Bedford County, PA
How long does it take to sell a home in Bedford County, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 58 Days | -5.7% |
Summary: Homes in Bedford County had an average of 58 days on market in Apr 2024, down by 5.7% 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 Bedford County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Bedford County; 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.
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