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
$179,118
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Derry Township have sold for 27.9% more than they did a year ago.
Summary: The median home sold price in Derry Township was $179,118 in April 2024, up 27.9% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $65.5K | $149.9K | +128.9% |
| 3 Bedrooms | $161K | $177K | +9.9% |
| 4 Bedrooms | $164.1K | $275K | +67.6% |
| 5+ Bedrooms | $189K | $222K | +17.5% |
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 128.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 67.6%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Derry Township | $140K | $179.1K | +27.9% |
| Lewistown | $141.2K | $134.5K | -4.8% |
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 |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The Derry Township real estate market had 45 homes for sale in April 2024, a 9.8% 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 | 11 | +22.2% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
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 increased by 22.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Derry Township in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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 |
|---|---|---|
| 34 Days | 52 Days | +53.6% |
Summary: Homes in Derry Township had an average of 52 days on market in Apr 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 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, 9 homes were sold in Derry Township; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
