Is Clay 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, Clay Township was a Buyer's Market.
Key Takeaway
Clay 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 Clay Township, PA
How much do homes in Clay Township, PA cost?
Median Sold Price
$425,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clay Township have sold for 26.9% more than they did a year ago.
Summary: The median home sold price in Clay Township was $425,000 in May 2024, up 26.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $404.9K | $474.9K | +17.3% |
| 3 Bedrooms | $330K | $344.4K | +4.4% |
| 4 Bedrooms | $324.9K | $440K | +35.4% |
| 5+ Bedrooms | $415.1K | $545K | +31.3% |
Summary: Clay Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes increased by 31.3%.
Median Sold Price Compared To Nearby Cities
| Elizabeth Township | $180K | $245K | +36.1% |
| Clay Township | $335K | $425K | +26.9% |
| Stevens | $295K | $325K | +10.2% |
| West Cocalico Township | $321K | $349.9K | +9.0% |
Housing Supply in Clay Township, PA
How many homes are available in Clay Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Clay Township real estate market had 18 homes for sale in May 2024, a 20.0% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Clay 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clay Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Clay Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Clay Township, PA
How long does it take to sell a home in Clay Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 24 Days | -4.6% |
Summary: Homes in Clay Township had an average of 24 days on market in May 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clay Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Clay Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
