Is Cumberland 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, Cumberland Township was a Seller's Market.
Housing Prices in Cumberland Township, PA
How much do homes in Cumberland Township, PA cost?
Median Sold Price
$325,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cumberland Township was $325,000 in May 2024, up 6.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $228.5K | $249.4K | +9.2% |
3 Bedrooms | $301K | $280K | -7.0% |
4 Bedrooms | $335.1K | $415K | +23.8% |
5+ Bedrooms | $450K | $559K | +24.2% |
Summary: Cumberland 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 9.2%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Cities
Freedom Township | $225K | $273K | +21.3% |
Mount Joy Township | $315K | $345K | +9.5% |
Cumberland Township | $304.6K | $325K | +6.7% |
Gettysburg | $303.9K | $322.5K | +6.1% |
Housing Supply in Cumberland Township, PA
How many homes are available in Cumberland Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Summary: The Cumberland Township real estate market had 37 homes for sale in May 2024, a 15.6% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Cumberland 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 25%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Cumberland Township in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Cumberland Township, PA
How long does it take to sell a home in Cumberland Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 44 Days | +27.4% |
Summary: Homes in Cumberland Township had an average of 44 days on market in May 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Cumberland Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.