Is Shrewsbury, 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, Shrewsbury has remained a Seller's Market.
Key Takeaway
Shrewsbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shrewsbury, PA
How much do homes in Shrewsbury, PA cost?
Median Sold Price
$330,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Shrewsbury have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Shrewsbury was $330,000 in April 2024, up 4.8% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | - | N/A |
| 3 Bedrooms | $285K | $300K | +5.3% |
| 4 Bedrooms | $352K | $372.5K | +5.8% |
| 5+ Bedrooms | $447K | $550K | +23.0% |
Summary: Shrewsbury 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 did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
| Hopewell Township | $350K | $380K | +8.6% |
| Shrewsbury | $315K | $330K | +4.8% |
| Shrewsbury Township | $339K | $333.4K | -1.6% |
Housing Supply in Shrewsbury, PA
How many homes are available in Shrewsbury, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Shrewsbury real estate market had 18 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shrewsbury 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 remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shrewsbury, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Shrewsbury in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Shrewsbury, PA
How long does it take to sell a home in Shrewsbury, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 75 Days | +116.4% |
Summary: Homes in Shrewsbury had an average of 75 days on market in Apr 2024, up by 116.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shrewsbury has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Shrewsbury; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
