Is East Petersburg, 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, East Petersburg was a Seller's Market.
Key Takeaway
East Petersburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Petersburg, PA
How much do homes in East Petersburg, PA cost?
Median Sold Price
$354,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Petersburg have sold for 26.4% more than they did a year ago.
Summary: The median home sold price in East Petersburg was $354,000 in May 2024, up 26.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244.5K | $275K | +12.5% |
| 3 Bedrooms | $280K | $305K | +8.9% |
| 4 Bedrooms | $315K | $442.5K | +40.5% |
| 5+ Bedrooms | $560K | $373K | -33.4% |
Summary: East Petersburg 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 12.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes decreased by 33.4%.
Median Sold Price Compared To Nearby Cities
| East Petersburg | $280K | $354K | +26.4% |
| Manheim Township | $352.5K | $375.5K | +6.5% |
| East Hempfield Township | $390K | $388.2K | -0.4% |
Housing Supply in East Petersburg, PA
How many homes are available in East Petersburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The East Petersburg real estate market had 12 homes for sale in May 2024, a 20.0% 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 | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Petersburg 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 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Petersburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in East Petersburg in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Petersburg, PA
How long does it take to sell a home in East Petersburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -14.9% |
Summary: Homes in East Petersburg had an average of 9 days on market in May 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
2 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 East Petersburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in East Petersburg; 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.
