Is Greencastle, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greencastle has remained a Seller's Market.
Key Takeaway
Greencastle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greencastle, PA
How much do homes in Greencastle, PA cost?
Median Sold Price
$305,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greencastle have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Greencastle was $305,000 in May 2024, up 8.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254.7K | $225K | -11.7% |
| 3 Bedrooms | $268.5K | $266K | -1.0% |
| 4 Bedrooms | $314.9K | $350.5K | +11.3% |
| 5+ Bedrooms | $482K | $505K | +4.8% |
Summary: Greencastle 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 decreased by 11.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Greencastle | $280K | $305K | +8.9% |
| Antrim Township | $310K | $315.2K | +1.7% |
Housing Supply in Greencastle, PA
How many homes are available in Greencastle, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 68 | +9.7% |
Summary: The Greencastle real estate market had 68 homes for sale in May 2024, a 9.7% 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 | 1 | 4 | +300.0% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Greencastle 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 increased by 300%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greencastle, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Greencastle in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 23% were sold under asking, 46% were sold at asking, and 31% were sold over asking.
Days on Market for Greencastle, PA
How long does it take to sell a home in Greencastle, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 40 Days | +18.6% |
Summary: Homes in Greencastle had an average of 40 days on market in May 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
10 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 Greencastle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Greencastle; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
