Is Hershey, 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, Hershey has remained a Seller's Market.
Housing Prices in Hershey, PA
How much do homes in Hershey, PA cost?
Median Sold Price
$405,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hershey was $405,000 in April 2024, up 5.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $259.9K | $277.5K | +6.8% |
3 Bedrooms | $344.5K | $382.5K | +11.0% |
4 Bedrooms | $417.5K | $487.5K | +16.8% |
5+ Bedrooms | $598.5K | $500K | -16.5% |
Summary: Hershey 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 6.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
North Londonderry Township | $315K | $378.1K | +20.0% |
Palmyra | $270K | $314K | +16.3% |
Hershey | $383.5K | $405K | +5.6% |
Derry Township | $355K | $346.6K | -2.3% |
Conewago Township | $518.2K | $494K | -4.7% |
Housing Supply in Hershey, PA
How many homes are available in Hershey, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 40 | +48.1% |
Summary: The Hershey real estate market had 40 homes for sale in April 2024, a 48.1% increase 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 | 7 | 6 | -14.3% |
3 Bedrooms | 6 | 13 | +116.7% |
4 Bedrooms | 7 | 13 | +85.7% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Hershey 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 14.3%, 3 bedroom homes increased by 116.7%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hershey in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Hershey, PA
How long does it take to sell a home in Hershey, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 6 Days | -81.2% |
Summary: Homes in Hershey had an average of 6 days on market in Apr 2024, down by 81.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Hershey; 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.