Is Harrowgate, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Harrowgate was a Neutral Market.
Key Takeaway
Harrowgate is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Harrowgate, PA
How much do homes in Harrowgate, PA cost?
Median Sold Price
$90,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Harrowgate have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Harrowgate was $90,000 in May 2024, down 1.6% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $71.4K | $74.2K | +4.0% |
| 3 Bedrooms | $95K | $95K | 0.0% |
| 4 Bedrooms | $148K | $153.9K | +4.0% |
| 5+ Bedrooms | $135K | $95K | -29.6% |
Summary: Harrowgate housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes did not change, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 29.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Port Richmond | $228.7K | $228K | -0.3% |
| Bridesburg / Kensington / Richmond | $228.6K | $227.6K | -0.4% |
| Harrowgate | $91.5K | $90K | -1.6% |
| Juniata | $180K | $174.9K | -2.8% |
| Fairhill | $87.7K | $77.5K | -11.6% |
Housing Supply in Harrowgate, PA
How many homes are available in Harrowgate, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 148 | 145 | -2.0% |
Summary: The Harrowgate real estate market had 145 homes for sale in May 2024, a 2.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 40 | 38 | -5.0% |
| 3 Bedrooms | 96 | 97 | +1.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Harrowgate housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Harrowgate, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Harrowgate in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Harrowgate, PA
How long does it take to sell a home in Harrowgate, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 115 Days | +125.0% |
Summary: Homes in Harrowgate had an average of 115 days on market in May 2024, up by 125% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Harrowgate are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 11 homes were sold in Harrowgate; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
