Is Adams Township, 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, Adams Township was a Seller's Market.
Key Takeaway
Adams 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 Adams Township, PA
How much do homes in Adams Township, PA cost?
Median Sold Price
$555,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Adams Township have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Adams Township was $555,000 in May 2024, up 14.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.7K | $202.5K | +5.6% |
| 2 Bedrooms | $368K | $302K | -17.9% |
| 3 Bedrooms | $374.5K | $380K | +1.4% |
| 4 Bedrooms | $660K | $657.5K | -0.4% |
| 5+ Bedrooms | $928.7K | $940K | +1.2% |
Summary: Adams Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Adams Township | $485K | $555K | +14.4% |
| Mars | $508.5K | $525K | +3.2% |
| Seven Fields | $323.9K | $331.2K | +2.2% |
| Valencia | $472.1K | $463.7K | -1.8% |
Housing Supply in Adams Township, PA
How many homes are available in Adams Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 69 | +13.1% |
Summary: The Adams Township real estate market had 69 homes for sale in May 2024, a 13.1% increase 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The Adams Township 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 28.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adams Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Adams Township in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Adams Township, PA
How long does it take to sell a home in Adams Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 44 Days | +14.2% |
Summary: Homes in Adams Township had an average of 44 days on market in May 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Adams Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Adams Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
