Is Millerstown, 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, Millerstown has remained a Seller's Market.
Key Takeaway
Millerstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millerstown, PA
How much do homes in Millerstown, PA cost?
Median Sold Price
$223,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Millerstown have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Millerstown was $223,500 in May 2024, down 3.2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.5K | $204K | -19.2% |
| 3 Bedrooms | $231K | $210K | -9.1% |
| 4 Bedrooms | $227.5K | $244.7K | +7.6% |
| 5+ Bedrooms | - | $814.5K | N/A |
Summary: Millerstown 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 19.2%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes did not change.
Housing Supply in Millerstown, PA
How many homes are available in Millerstown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Millerstown real estate market had 8 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Millerstown 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 decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millerstown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Millerstown in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Millerstown, PA
How long does it take to sell a home in Millerstown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 127 Days | 31 Days | -75.5% |
Summary: Homes in Millerstown had an average of 31 days on market in May 2024, down by 75.5% compared to last year.
Breakdown of Home Sale Times
3 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 Millerstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Millerstown; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
