Is Cumru Township, 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, Cumru Township has remained a Seller's Market.
Key Takeaway
Cumru Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumru Township, PA
How much do homes in Cumru Township, PA cost?
Median Sold Price
$265,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cumru Township have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Cumru Township was $265,000 in April 2024, up 15.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $136K | +3.8% |
| 2 Bedrooms | $199K | $205K | +3.0% |
| 3 Bedrooms | $231K | $260K | +12.6% |
| 4 Bedrooms | $262.5K | $362.5K | +38.1% |
| 5+ Bedrooms | $424.9K | $578K | +36.0% |
Summary: Cumru Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 36%.
Median Sold Price Compared To Nearby Cities
| Reading | $172.4K | $235.6K | +36.7% |
| Mohnton | $270K | $335K | +24.1% |
| Shillington | $197K | $235K | +19.3% |
| Cumru Township | $230K | $265K | +15.2% |
| Kenhorst | $213.7K | $212.5K | -0.6% |
Housing Supply in Cumru Township, PA
How many homes are available in Cumru Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Summary: The Cumru Township real estate market had 43 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Cumru Township 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 increased by 11.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumru Township, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Cumru Township in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Cumru Township, PA
How long does it take to sell a home in Cumru Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 15 Days | +130.8% |
Summary: Homes in Cumru Township had an average of 15 days on market in Apr 2024, up by 130.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumru Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Cumru Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
