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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Center Township is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Center Township has remained a Seller's Market.

Key Takeaway

Center Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Center Township, PA

How much do homes in Center Township, PA cost?

Median Sold Price

$285,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$11,000(-3.7%)

Key Takeaway

Homes in Center Township have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Center Township was $285,000 in August 2024, down 3.7% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$96K
N/A
2 $289K$195K
-32.5%
3 $287K$282K
-1.7%
4 $305K$340K
+11.5%
5+ $440K$507.2K
+15.3%

Summary: Center Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Cities

Butler Township
0.0%
Center Township
-3.7%

Housing Supply in Center Township, PA

How many homes are available in Center Township, PA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
3228-12.5%

Summary: The Center Township real estate market had 28 homes for sale in August 2024, a 12.5% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 1915
-21.1%
4 68
+33.3%
5+ 32
-33.3%

Summary: The Center Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Center Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Center Township in August 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for Center Township, PA

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

Average Sale Time

Aug 2023Aug 2024CHANGE
22 Days35 Days+58.1%

Summary: Homes in Center Township had an average of 35 days on market in Aug 2024, up by 58.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Center Township has remained consistent over time.

Summary: During August 2024, 7 homes were sold in Center Township; 43% of homes were sold within 30 days, 57% 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 20 Days Ago

Newest Listings in Center Township, PA

Nearby Markets to Center Township, PA

What housing markets are near Center Township, PA?