Is Ephrata 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, Ephrata Township has remained a Seller's Market.
Key Takeaway
Ephrata Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ephrata Township, PA
How much do homes in Ephrata Township, PA cost?
Median Sold Price
$316,668
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ephrata Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Ephrata Township was $316,668 in April 2024, up 11.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $226K | $278K | +23.0% |
| 3 Bedrooms | $280K | $295K | +5.4% |
| 4 Bedrooms | $357.9K | $399.9K | +11.7% |
| 5+ Bedrooms | $379.9K | $465K | +22.4% |
Summary: Ephrata 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 23%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Ephrata | $270K | $317.3K | +17.6% |
| Stevens | $287.5K | $320K | +11.3% |
| Ephrata Township | $285K | $316.6K | +11.1% |
| Akron | $305K | $337.5K | +10.7% |
Housing Supply in Ephrata Township, PA
How many homes are available in Ephrata Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 64 | +8.5% |
Summary: The Ephrata Township real estate market had 64 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Ephrata Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ephrata Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Ephrata Township in April 2024, up by 17.6% month-over-month. Of the 20 sold homes, 5% were sold under asking, 50% were sold at asking, and 45% were sold over asking.
Days on Market for Ephrata Township, PA
How long does it take to sell a home in Ephrata Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 14 Days | -61.9% |
Summary: Homes in Ephrata Township had an average of 14 days on market in Apr 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ephrata Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Ephrata Township; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
