Is Cumberland 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, Cumberland County has remained a Seller's Market.
Housing Prices in Cumberland County, PA
How much do homes in Cumberland County, PA cost?
Median Sold Price
$300,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cumberland County was $300,000 in April 2024, up 7.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $138K | +31.4% |
2 Bedrooms | $195.9K | $210K | +7.2% |
3 Bedrooms | $260K | $280K | +7.7% |
4 Bedrooms | $400K | $410K | +2.5% |
5+ Bedrooms | $546.5K | $545K | -0.3% |
Summary: Cumberland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Counties
Perry County | $229.9K | $250K | +8.7% |
Cumberland County | $280K | $300K | +7.1% |
Dauphin County | $220.3K | $233.9K | +6.2% |
Adams County | $274.7K | $290.6K | +5.8% |
Franklin County | $254.2K | $265.5K | +4.4% |
Housing Supply in Cumberland County, PA
How many homes are available in Cumberland County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
676 | 699 | +3.4% |
Summary: The Cumberland County real estate market had 699 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 107 | 99 | -7.5% |
3 Bedrooms | 326 | 339 | +4.0% |
4 Bedrooms | 189 | 202 | +6.9% |
5+ Bedrooms | 50 | 57 | +14.0% |
Summary: The Cumberland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
207 | 150 | -27.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
82 Homes Were Sold
Over Asking
Summary: A total of 150 homes were sold or pending in Cumberland County in April 2024, down by 27.5% month-over-month. Of the 150 sold homes, 22% were sold under asking, 23% were sold at asking, and 55% were sold over asking.
Days on Market for Cumberland County, PA
How long does it take to sell a home in Cumberland County, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 23 Days | -6.2% |
Summary: Homes in Cumberland County had an average of 23 days on market in Apr 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
122 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 150 homes were sold in Cumberland County; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.