Is Quarryville, 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, Quarryville has remained a Seller's Market.
Key Takeaway
Quarryville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Quarryville, PA
How much do homes in Quarryville, PA cost?
Median Sold Price
$350,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Quarryville have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Quarryville was $350,000 in May 2024, up 18.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415.2K | $450K | +8.4% |
| 3 Bedrooms | $290K | $330K | +13.8% |
| 4 Bedrooms | $293K | $500K | +70.6% |
| 5+ Bedrooms | $618K | $391.5K | -36.7% |
Summary: Quarryville 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 8.4%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 70.6%, and 5+ bedroom homes decreased by 36.7%.
Median Sold Price Compared To Nearby Cities
| Quarryville | $296K | $350K | +18.2% |
| East Drumore Township | $340.2K | $380K | +11.7% |
Housing Supply in Quarryville, PA
How many homes are available in Quarryville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Quarryville real estate market had 22 homes for sale in May 2024, a 10.0% 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 | 1 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Quarryville 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 remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quarryville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Quarryville in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Quarryville, PA
How long does it take to sell a home in Quarryville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 4 Days | -77.8% |
Summary: Homes in Quarryville had an average of 4 days on market in May 2024, down by 77.8% compared to last year.
Breakdown of Home Sale Times
4 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 Quarryville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Quarryville; 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.
