Is Hamilton Township, 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, Hamilton Township has remained a Seller's Market.
Housing Prices in Hamilton Township, PA
How much do homes in Hamilton Township, PA cost?
Median Sold Price
$315,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamilton Township was $315,000 in May 2024, up 5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $199.4K | +7.8% |
3 Bedrooms | $252.5K | $263K | +4.2% |
4 Bedrooms | $330K | $365K | +10.6% |
5+ Bedrooms | $381.5K | $450K | +18.0% |
Summary: Hamilton 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 7.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
Hamilton Township | $300K | $315K | +5.0% |
Chambersburg | $251.7K | $264.2K | +5.0% |
Saint Thomas Township | $280.9K | $279.9K | -0.4% |
Guilford Township | $297.5K | $292.5K | -1.7% |
Housing Supply in Hamilton Township, PA
How many homes are available in Hamilton Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 61 | +27.1% |
Summary: The Hamilton Township real estate market had 61 homes for sale in May 2024, a 27.1% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 19 | 25 | +31.6% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Hamilton 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 increased by 50%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Hamilton Township in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.
Days on Market for Hamilton Township, PA
How long does it take to sell a home in Hamilton Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 16 Days | -63.7% |
Summary: Homes in Hamilton Township had an average of 16 days on market in May 2024, down by 63.7% compared to last year.
Breakdown of Home Sale Times
11 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, 12 homes were sold in Hamilton Township; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.