Is Derry 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, Derry Township has remained a Seller's Market.
Key Takeaway
Derry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Derry Township, PA
How much do homes in Derry Township, PA cost?
Median Sold Price
$346,666
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Derry Township have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Derry Township was $346,666 in April 2024, down 2.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $260K | $285K | +9.6% |
| 3 Bedrooms | $322K | $320K | -0.6% |
| 4 Bedrooms | $467.5K | $476.5K | +1.9% |
| 5+ Bedrooms | $648.7K | $575K | -11.4% |
Summary: Derry Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| South Hanover Township | $275K | $385K | +40.0% |
| Palmyra | $270K | $314K | +16.3% |
| Hummelstown | $315K | $350K | +11.1% |
| Hershey | $383.5K | $405K | +5.6% |
| Derry Township | $355K | $346.6K | -2.3% |
Housing Supply in Derry Township, PA
How many homes are available in Derry Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 101 | +34.7% |
Summary: The Derry Township real estate market had 101 homes for sale in April 2024, a 34.7% 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 | 23 | 23 | 0.0% |
| 3 Bedrooms | 31 | 40 | +29.0% |
| 4 Bedrooms | 13 | 25 | +92.3% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Derry 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 remained the same, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 92.3%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Derry Township, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Derry Township in April 2024, up by 35.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 13% were sold at asking, and 43% were sold over asking.
Days on Market for Derry Township, PA
How long does it take to sell a home in Derry Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 26 Days | +69.7% |
Summary: Homes in Derry Township had an average of 26 days on market in Apr 2024, up by 69.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Derry Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Derry Township; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
