Is Plumstead 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, Plumstead Township has remained a Seller's Market.
Key Takeaway
Plumstead Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plumstead Township, PA
How much do homes in Plumstead Township, PA cost?
Median Sold Price
$536,500
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Plumstead Township have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in Plumstead Township was $536,500 in May 2024, down 13.5% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $340K | N/A |
| 2 Bedrooms | $315K | $340K | +7.9% |
| 3 Bedrooms | $455K | $460K | +1.1% |
| 4 Bedrooms | $712.3K | $692K | -2.9% |
| 5+ Bedrooms | $969K | $1.0M | +4.2% |
Summary: Plumstead 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 7.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Plumstead Township | $620K | $536.5K | -13.5% |
| Pipersville | $655.2K | $540K | -17.6% |
Housing Supply in Plumstead Township, PA
How many homes are available in Plumstead Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The Plumstead Township real estate market had 40 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Plumstead 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plumstead Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Plumstead Township in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for Plumstead Township, PA
How long does it take to sell a home in Plumstead Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 5 Days | -60.3% |
Summary: Homes in Plumstead Township had an average of 5 days on market in May 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plumstead Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Plumstead Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
