Is Nottingham Township, 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, Nottingham Township was a Seller's Market.
Key Takeaway
Nottingham Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nottingham Township, PA
How much do homes in Nottingham Township, PA cost?
Median Sold Price
$410,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nottingham Township have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Nottingham Township was $410,000 in May 2024, up 2.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $407.9K | $225K | -44.9% |
| 3 Bedrooms | $379K | $378.6K | -0.1% |
| 4 Bedrooms | $495K | $460K | -7.1% |
| 5+ Bedrooms | $290K | $789.9K | +172.4% |
Summary: Nottingham Township 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 decreased by 44.9%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 172.4%.
Median Sold Price Compared To Nearby Cities
| Venetia | $535K | $569.5K | +6.4% |
| Nottingham Township | $399.7K | $410K | +2.6% |
| Eighty Four | $400K | $400K | 0.0% |
| Peters Township | $488.3K | $484.1K | -0.9% |
Housing Supply in Nottingham Township, PA
How many homes are available in Nottingham Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Nottingham Township real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Nottingham Township 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nottingham Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Nottingham Township in May 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Nottingham Township, PA
How long does it take to sell a home in Nottingham Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 26 Days | -51.7% |
Summary: Homes in Nottingham Township had an average of 26 days on market in May 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nottingham Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Nottingham Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
