Is Chambersburg, 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, Chambersburg has remained a Seller's Market.
Key Takeaway
Chambersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chambersburg, PA
How much do homes in Chambersburg, PA cost?
Median Sold Price
$262,404
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chambersburg have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Chambersburg was $262,404 in April 2024, up 7.1% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $177.2K | +153.2% |
| 2 Bedrooms | $190K | $205K | +7.9% |
| 3 Bedrooms | $233K | $250K | +7.3% |
| 4 Bedrooms | $312.2K | $331K | +6.0% |
| 5+ Bedrooms | $344K | $450K | +30.8% |
Summary: Chambersburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 30.8%.
Median Sold Price Compared To Nearby Cities
| Chambersburg | $245K | $262.4K | +7.1% |
| Guilford Township | $292.5K | $299.4K | +2.4% |
| Greene Township | $266.5K | $270K | +1.3% |
| Hamilton Township | $300K | $297.4K | -0.9% |
Housing Supply in Chambersburg, PA
How many homes are available in Chambersburg, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 153 | 162 | +5.9% |
Summary: The Chambersburg real estate market had 162 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 19 | -24.0% |
| 3 Bedrooms | 74 | 82 | +10.8% |
| 4 Bedrooms | 39 | 46 | +17.9% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Chambersburg 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 decreased by 24%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 41 | -10.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chambersburg, expect to pay close to the asking price. 39% of homes here sold near the asking price last month.
Summary: A total of 41 homes were sold or pending in Chambersburg in April 2024, down by 10.9% month-over-month. Of the 41 sold homes, 29% were sold under asking, 39% were sold at asking, and 32% were sold over asking.
Days on Market for Chambersburg, PA
How long does it take to sell a home in Chambersburg, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -25.4% |
Summary: Homes in Chambersburg had an average of 20 days on market in Apr 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chambersburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 41 homes were sold in Chambersburg; 85% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
