Is Summit Hill, 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, Summit Hill has remained a Seller's Market.
Key Takeaway
Summit Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summit Hill, PA
How much do homes in Summit Hill, PA cost?
Median Sold Price
$129,250
$68/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Summit Hill have sold for 7.7% less than they did a month ago.
Summary: The median home sold price in Summit Hill was $129,250 in May 2024, down 7.7% from last month, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $125K | $150K | +20.0% |
| 4 Bedrooms | - | $237.4K | N/A |
| 5+ Bedrooms | $188K | $129.2K | -31.3% |
Summary: Summit Hill 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 20%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 31.3%.
Housing Supply in Summit Hill, PA
How many homes are available in Summit Hill, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Summit Hill real estate market had 14 homes for sale in May 2024, the same as 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 | 9 | 6 | -33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Summit Hill 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 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit Hill, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Summit Hill in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Summit Hill, PA
How long does it take to sell a home in Summit Hill, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 24 Days | +174.6% |
Summary: Homes in Summit Hill had an average of 24 days on market in May 2024, up by 174.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summit Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Summit Hill; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
