Is West Earl Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Earl Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, West Earl Township was a Seller's Market.

Key Takeaway

West Earl Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in West Earl Township, PA

How much do homes in West Earl Township, PA cost?

Median Sold Price

$284,900

$188/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$50,100(-15.0%)

Key Takeaway

Homes in West Earl Township have sold for 15% less than they did a month ago.

Summary: The median home sold price in West Earl Township was $284,900 in April 2024, down 15% from last month, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $190K-
N/A
3 --
N/A
4 $437.4K$284.9K
-34.9%
5+ --
N/A

Summary: West Earl Township housing prices by bedroom type for April 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 did not change, 4 bedroom homes decreased by 34.9%, and 5+ bedroom homes did not change.

Housing Supply in West Earl Township, PA

How many homes are available in West Earl Township, PA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
770.0%

Summary: The West Earl Township real estate market had 7 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 13
+200.0%
4 42
-50.0%
5+ 00
0.0%

Summary: The West Earl Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Earl Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in West Earl Township in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for West Earl Township, PA

How long does it take to sell a home in West Earl Township, PA?

Average Sale Time

Mar 2024Apr 2024CHANGE
10 Days33 Days+230.0%

Summary: Homes in West Earl Township had an average of 33 days on market in Apr 2024, up by 230% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Earl Township has remained consistent over time.

Summary: During April 2024, 1 homes were sold in West Earl Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in West Earl Township, PA

Nearby Markets to West Earl Township, PA

What housing markets are near West Earl Township, PA?