Is Harrisburg, 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, Harrisburg has remained a Seller's Market.
Key Takeaway
Harrisburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harrisburg, PA
How much do homes in Harrisburg, PA cost?
Median Sold Price
$229,972
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Harrisburg have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in Harrisburg was $229,972 in April 2024, up 20.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $125K | -28.6% |
| 2 Bedrooms | $182K | $198K | +8.8% |
| 3 Bedrooms | $202.7K | $234.4K | +15.7% |
| 4 Bedrooms | $220K | $291.7K | +32.6% |
| 5+ Bedrooms | $124.9K | $182.3K | +45.9% |
Summary: Harrisburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes increased by 45.9%.
Median Sold Price Compared To Nearby Cities
| Harrisburg | $190.8K | $229.9K | +20.5% |
| Lemoyne | $209.2K | $247.5K | +18.3% |
| Susquehanna Township | $220K | $250K | +13.6% |
| East Pennsboro Township | $230.2K | $232.3K | +0.9% |
| Wormleysburg | $238K | $204.4K | -14.1% |
Housing Supply in Harrisburg, PA
How many homes are available in Harrisburg, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 434 | 425 | -2.1% |
Summary: The Harrisburg real estate market had 425 homes for sale in April 2024, a 2.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 47 | 55 | +17.0% |
| 3 Bedrooms | 224 | 210 | -6.3% |
| 4 Bedrooms | 108 | 113 | +4.6% |
| 5+ Bedrooms | 49 | 43 | -12.2% |
Summary: The Harrisburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 12.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 88 | -32.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harrisburg, you could pay more than the asking price. 42% of homes here sold above asking price last month.
Summary: A total of 88 homes were sold or pending in Harrisburg in April 2024, down by 32.8% month-over-month. Of the 88 sold homes, 35% were sold under asking, 23% were sold at asking, and 42% were sold over asking.
Days on Market for Harrisburg, PA
How long does it take to sell a home in Harrisburg, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 23 Days | -45.3% |
Summary: Homes in Harrisburg had an average of 23 days on market in Apr 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harrisburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 88 homes were sold in Harrisburg; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
