Is Hempfield 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, Hempfield Township has remained a Seller's Market.
Key Takeaway
Hempfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hempfield Township, PA
How much do homes in Hempfield Township, PA cost?
Median Sold Price
$249,933
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hempfield Township have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Hempfield Township was $249,933 in April 2024, up 4.2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27.5K | - | N/A |
| 2 Bedrooms | $145K | $169.9K | +17.2% |
| 3 Bedrooms | $221.5K | $239K | +7.9% |
| 4 Bedrooms | $335K | $360.4K | +7.6% |
| 5+ Bedrooms | $400K | $377.7K | -5.6% |
Summary: Hempfield 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 17.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Greensburg | $190K | $235K | +23.7% |
| South Greensburg | $150K | $180K | +20.0% |
| Hempfield Township | $239.9K | $249.9K | +4.2% |
| Southwest Greensburg | $165K | $149.5K | -9.4% |
Housing Supply in Hempfield Township, PA
How many homes are available in Hempfield Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 117 | 108 | -7.7% |
Summary: The Hempfield Township real estate market had 108 homes for sale in April 2024, a 7.7% decrease 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 | 17 | 12 | -29.4% |
| 3 Bedrooms | 68 | 65 | -4.4% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Hempfield 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 decreased by 29.4%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 29 | -27.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hempfield Township, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Hempfield Township in April 2024, down by 27.5% month-over-month. Of the 29 sold homes, 55% were sold under asking, 14% were sold at asking, and 31% were sold over asking.
Days on Market for Hempfield Township, PA
How long does it take to sell a home in Hempfield Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 28 Days | -41.8% |
Summary: Homes in Hempfield Township had an average of 28 days on market in Apr 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hempfield Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Hempfield Township; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
