Is Mifflinburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mifflinburg has remained a Seller's Market.
Key Takeaway
Mifflinburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mifflinburg, PA
How much do homes in Mifflinburg, PA cost?
Median Sold Price
$240,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mifflinburg have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Mifflinburg was $240,000 in May 2024, down 6.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $147K | $217.7K | +48.1% |
| 3 Bedrooms | $275K | $235K | -14.5% |
| 4 Bedrooms | $293.7K | $355K | +20.9% |
| 5+ Bedrooms | $220K | $229K | +4.1% |
Summary: Mifflinburg 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 48.1%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| West Buffalo Township | $275K | $269.1K | -2.1% |
| Mifflinburg | $257K | $240K | -6.6% |
Housing Supply in Mifflinburg, PA
How many homes are available in Mifflinburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Mifflinburg real estate market had 18 homes for sale in May 2024, a 20.0% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mifflinburg 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mifflinburg, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mifflinburg in May 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Mifflinburg, PA
How long does it take to sell a home in Mifflinburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 142 Days | 97 Days | -31.7% |
Summary: Homes in Mifflinburg had an average of 97 days on market in May 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Mifflinburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 6 homes were sold in Mifflinburg; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
