Is Ross 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, Ross Township has remained a Seller's Market.
Key Takeaway
Ross Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ross Township, PA
How much do homes in Ross Township, PA cost?
Median Sold Price
$268,200
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ross Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Ross Township was $268,200 in April 2024, up 7.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $112.5K | +9.8% |
| 2 Bedrooms | $203.5K | $210K | +3.2% |
| 3 Bedrooms | $253K | $267.7K | +5.8% |
| 4 Bedrooms | $350K | $393K | +12.3% |
| 5+ Bedrooms | $390.9K | $525K | +34.3% |
Summary: Ross Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
| Reserve Township | $190K | $225K | +18.4% |
| Bellevue | $200K | $235K | +17.5% |
| Ross Township | $250K | $268.2K | +7.3% |
| West View | $210K | $220K | +4.8% |
| Shaler Township | $258.8K | $265K | +2.4% |
Housing Supply in Ross Township, PA
How many homes are available in Ross Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 99 | +10.0% |
Summary: The Ross Township real estate market had 99 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 54 | 62 | +14.8% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Ross Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ross Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Ross Township in April 2024, down by 11.1% month-over-month. Of the 24 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Ross Township, PA
How long does it take to sell a home in Ross Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 32 Days | +32.7% |
Summary: Homes in Ross Township had an average of 32 days on market in Apr 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ross Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Ross Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
