Is East Petersburg, 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, East Petersburg has remained a Buyer's Market.
Key Takeaway
East Petersburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Petersburg, PA
How much do homes in East Petersburg, PA cost?
Median Sold Price
$341,100
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Petersburg have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in East Petersburg was $341,100 in April 2024, up 19.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $264K | $275K | +4.2% |
| 3 Bedrooms | $267.5K | $317K | +18.5% |
| 4 Bedrooms | $325K | $362.9K | +11.7% |
| 5+ Bedrooms | $560K | $321.5K | -42.6% |
Summary: East Petersburg 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 4.2%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 42.6%.
Median Sold Price Compared To Nearby Cities
| East Petersburg | $285.5K | $341.1K | +19.5% |
| Manheim Township | $352.5K | $375.5K | +6.5% |
| East Hempfield Township | $396.7K | $380K | -4.2% |
Housing Supply in East Petersburg, PA
How many homes are available in East Petersburg, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The East Petersburg real estate market had 10 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The East Petersburg 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 decreased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Petersburg, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in East Petersburg in April 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Petersburg, PA
How long does it take to sell a home in East Petersburg, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 261 Days | 4 Days | -98.5% |
Summary: Homes in East Petersburg had an average of 4 days on market in Apr 2024, down by 98.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Petersburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in East Petersburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
