Is Pequea 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, Pequea Township has remained a Seller's Market.
Housing Prices in Pequea Township, PA
How much do homes in Pequea Township, PA cost?
Median Sold Price
$339,400
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pequea Township was $339,400 in April 2024, down 4.1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $245K | $240K | -2.0% |
3 Bedrooms | $293.2K | $330K | +12.5% |
4 Bedrooms | $419K | $352K | -16.0% |
5+ Bedrooms | $505.6K | $512.5K | +1.4% |
Summary: Pequea 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 decreased by 2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Conestoga | $324.9K | $345K | +6.2% |
Pequea Township | $354K | $339.4K | -4.1% |
Housing Supply in Pequea Township, PA
How many homes are available in Pequea Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The Pequea Township real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Pequea 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 remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Pequea Township in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% were sold over asking.
Days on Market for Pequea Township, PA
How long does it take to sell a home in Pequea Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 7 Days | -84.9% |
Summary: Homes in Pequea Township had an average of 7 days on market in Apr 2024, down by 84.9% compared to last year.
Breakdown of Home Sale Times
9 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, 9 homes were sold in Pequea Township; 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.