Is Salisbury Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Salisbury Township has remained a Seller's Market.
Key Takeaway
Salisbury Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salisbury Township, PA
How much do homes in Salisbury Township, PA cost?
Median Sold Price
$545,000
$197/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Salisbury Township have sold for 14.7% more than they did a month ago.
Summary: The median home sold price in Salisbury Township was $545,000 in May 2024, up 14.7% from last month, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300.2K | $203K | -32.4% |
| 3 Bedrooms | $492K | $645K | +31.1% |
| 4 Bedrooms | - | $545K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Salisbury Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.4%, 3 bedroom homes increased by 31.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Salisbury Township | $475K | $545K | +14.7% |
| East Earl Township | $440K | $458.6K | +4.2% |
Housing Supply in Salisbury Township, PA
How many homes are available in Salisbury Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Salisbury Township real estate market had 15 homes for sale in May 2024, a 11.8% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Salisbury 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 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Salisbury Township in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Salisbury Township, PA
How long does it take to sell a home in Salisbury Township, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 41 Days | +2.6% |
Summary: Homes in Salisbury Township had an average of 41 days on market in May 2024, up by 2.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Salisbury Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Salisbury Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
