Is Palmer 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, Palmer Township has remained a Seller's Market.
Housing Prices in Palmer Township, PA
How much do homes in Palmer Township, PA cost?
Median Sold Price
$360,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Palmer Township was $360,000 in May 2024, up 5.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $309K | $300K | -2.9% |
3 Bedrooms | $300K | $340K | +13.3% |
4 Bedrooms | $470K | $449.9K | -4.3% |
5+ Bedrooms | $456.5K | $560K | +22.7% |
Summary: Palmer 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 decreased by 2.9%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
Wilson | $206.2K | $236.8K | +14.8% |
Forks Township | $395.5K | $434.2K | +9.8% |
Palmer Township | $339.9K | $360K | +5.9% |
Housing Supply in Palmer Township, PA
How many homes are available in Palmer Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 99 | -2.0% |
Summary: The Palmer Township real estate market had 99 homes for sale in May 2024, a 2.0% decrease 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 | 12 | 11 | -8.3% |
3 Bedrooms | 44 | 58 | +31.8% |
4 Bedrooms | 30 | 20 | -33.3% |
5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The Palmer 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 8.3%, 3 bedroom homes increased by 31.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Palmer Township in May 2024, up by 8.7% month-over-month. Of the 25 sold homes, 32% were sold under asking, 20% were sold at asking, and 48% were sold over asking.
Days on Market for Palmer Township, PA
How long does it take to sell a home in Palmer Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 19 Days | -54.3% |
Summary: Homes in Palmer Township had an average of 19 days on market in May 2024, down by 54.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Palmer Township; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.