Is Bedford County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bedford County was a Seller's Market.
Key Takeaway
Bedford County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bedford County, PA
How much do homes in Bedford County, PA cost?
Median Sold Price
$185,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Bedford County has remained the same since last year.
Summary: The median home sold price in Bedford County was $185,000 in May 2024, up 0.3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.5K | $131K | +94.1% |
| 2 Bedrooms | $134.9K | $135K | 0.1% |
| 3 Bedrooms | $197.5K | $222K | +12.4% |
| 4 Bedrooms | $275K | $200K | -27.3% |
| 5+ Bedrooms | $296K | $300K | +1.4% |
Summary: Bedford County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 94.1%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Counties
| Allegany County | $132.4K | $135.1K | +2.0% |
| Bedford County | $184.4K | $185K | 0.3% |
| Fulton County | $217K | $210.5K | -3.0% |
Housing Supply in Bedford County, PA
How many homes are available in Bedford County, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +15.8% |
Summary: The Bedford County real estate market had 44 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Bedford County 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 23.1%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 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 Bedford County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Bedford County in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Bedford County, PA
How long does it take to sell a home in Bedford County, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 44 Days | +840.4% |
Summary: Homes in Bedford County had an average of 44 days on market in May 2024, up by 840.4% compared to last year.
Breakdown of Home Sale Times
3 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 Bedford County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Bedford County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
