Is Berwick Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Berwick Township has remained a Seller's Market.
Key Takeaway
Berwick Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berwick Township, PA
How much do homes in Berwick Township, PA cost?
Median Sold Price
$205,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Berwick Township have sold for 22% more than they did a year ago.
Summary: The median home sold price in Berwick Township was $205,000 in May 2024, up 22% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.5K | $107.4K | +9.1% |
| 2 Bedrooms | $140.5K | $157.5K | +12.1% |
| 3 Bedrooms | $175K | $202K | +15.4% |
| 4 Bedrooms | $172K | $257K | +49.4% |
| 5+ Bedrooms | $160K | $211K | +31.9% |
Summary: Berwick Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 49.4%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Cities
| Berwick Township | $168K | $205K | +22.0% |
| Penn Township | $265K | $274.9K | +3.7% |
| Hamilton Township | $349.9K | $357.5K | +2.2% |
| Paradise Township | $350K | $299.9K | -14.3% |
Housing Supply in Berwick Township, PA
How many homes are available in Berwick Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 50 | 0.0% |
Summary: The Berwick Township real estate market had 50 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Berwick 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berwick Township, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Berwick Township in May 2024, up by 81.8% month-over-month. Of the 20 sold homes, 35% were sold under asking, 10% were sold at asking, and 55% were sold over asking.
Days on Market for Berwick Township, PA
How long does it take to sell a home in Berwick Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 48 Days | +1355.0% |
Summary: Homes in Berwick Township had an average of 48 days on market in May 2024, up by 1355% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Berwick Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Berwick Township; 15% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
