Is Raccoon Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Raccoon Township has remained a Seller's Market.
Key Takeaway
Raccoon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raccoon Township, PA
How much do homes in Raccoon Township, PA cost?
Median Sold Price
$280,450
$168/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Raccoon Township have sold for 8% less than they did a month ago.
Summary: The median home sold price in Raccoon Township was $280,450 in May 2024, down 8% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $175K | $220K | +25.7% |
| 4 Bedrooms | - | $830K | N/A |
| 5+ Bedrooms | $435K | - | N/A |
Summary: Raccoon Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Raccoon Township, PA
How many homes are available in Raccoon Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Raccoon Township real estate market had 9 homes for sale in May 2024, a 28.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Raccoon 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 increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raccoon Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Raccoon Township in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Raccoon Township, PA
How long does it take to sell a home in Raccoon Township, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 43 Days | +154.4% |
Summary: Homes in Raccoon Township had an average of 43 days on market in May 2024, up by 154.4% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Raccoon Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Raccoon Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
