Is Dauphin County, 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, Dauphin County has remained a Seller's Market.
Key Takeaway
Dauphin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dauphin County, PA
How much do homes in Dauphin County, PA cost?
Median Sold Price
$234,985
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dauphin County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Dauphin County was $234,985 in May 2024, up 6.8% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | $125K | -12.6% |
| 2 Bedrooms | $185K | $199.5K | +7.9% |
| 3 Bedrooms | $215.4K | $235.1K | +9.2% |
| 4 Bedrooms | $296.5K | $291.7K | -1.6% |
| 5+ Bedrooms | $224K | $255.5K | +14.1% |
Summary: Dauphin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Counties
| Perry County | $229.4K | $251K | +9.4% |
| Lebanon County | $248.3K | $266.7K | +7.4% |
| Dauphin County | $219.9K | $234.9K | +6.8% |
| Cumberland County | $281.8K | $300.5K | +6.7% |
| Juniata County | $187.5K | $189K | +0.8% |
Housing Supply in Dauphin County, PA
How many homes are available in Dauphin County, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 745 | 832 | +11.7% |
Summary: The Dauphin County real estate market had 832 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 97 | 91 | -6.2% |
| 3 Bedrooms | 363 | 411 | +13.2% |
| 4 Bedrooms | 197 | 228 | +15.7% |
| 5+ Bedrooms | 83 | 97 | +16.9% |
Summary: The Dauphin 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 6.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 167 | 176 | +5.4% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
73 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dauphin County, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 176 homes were sold or pending in Dauphin County in May 2024, up by 5.4% month-over-month. Of the 176 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for Dauphin County, PA
How long does it take to sell a home in Dauphin County, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +15.3% |
Summary: Homes in Dauphin County had an average of 25 days on market in May 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
133 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dauphin County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 176 homes were sold in Dauphin County; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
