Is Whitman, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Whitman was a Seller's Market.
Key Takeaway
Whitman 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 Whitman, PA
How much do homes in Whitman, PA cost?
Median Sold Price
$261,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Whitman have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Whitman was $261,000 in May 2024, down 6.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $277K | +64.9% |
| 2 Bedrooms | $270K | $255K | -5.6% |
| 3 Bedrooms | $299.9K | $256K | -14.6% |
| 4 Bedrooms | $340K | $410K | +20.6% |
| 5+ Bedrooms | $565K | $515K | -8.8% |
Summary: Whitman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.9%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Dickson Narrows | $395K | $445K | +12.7% |
| South Philadelphia | $347.2K | $339.6K | -2.2% |
| East Oregon | $260K | $245K | -5.8% |
| Whitman | $279.9K | $261K | -6.8% |
| Pennsport | $395.5K | $330K | -16.6% |
Housing Supply in Whitman, PA
How many homes are available in Whitman, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 61 | -3.2% |
Summary: The Whitman real estate market had 61 homes for sale in May 2024, a 3.2% decrease 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 | 26 | 21 | -19.2% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Whitman 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 decreased by 19.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Whitman, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Whitman in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 40% were sold at asking, and 50% were sold over asking.
Days on Market for Whitman, PA
How long does it take to sell a home in Whitman, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 26 Days | -63.4% |
Summary: Homes in Whitman had an average of 26 days on market in May 2024, down by 63.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Whitman are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Whitman; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
