Is Orwigsburg, 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, Orwigsburg has remained a Seller's Market.
Key Takeaway
Orwigsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orwigsburg, PA
How much do homes in Orwigsburg, PA cost?
Median Sold Price
$216,750
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orwigsburg have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Orwigsburg was $216,750 in May 2024, down 1.5% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $157K | -7.6% |
| 3 Bedrooms | $211.7K | $209.2K | -1.2% |
| 4 Bedrooms | $331.2K | $291K | -12.2% |
| 5+ Bedrooms | $330K | $585K | +77.3% |
Summary: Orwigsburg 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 7.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 77.3%.
Median Sold Price Compared To Nearby Cities
| Orwigsburg | $219.9K | $216.7K | -1.5% |
| West Brunswick Township | $232.5K | $216K | -7.1% |
Housing Supply in Orwigsburg, PA
How many homes are available in Orwigsburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Orwigsburg real estate market had 21 homes for sale in May 2024, a 8.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Orwigsburg 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 14.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orwigsburg, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Orwigsburg in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Orwigsburg, PA
How long does it take to sell a home in Orwigsburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 8 Days | -78.5% |
Summary: Homes in Orwigsburg had an average of 8 days on market in May 2024, down by 78.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orwigsburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Orwigsburg; 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.
