Is Harrisburg, 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, Harrisburg has remained a Seller's Market.
Key Takeaway
Harrisburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harrisburg, PA
How much do homes in Harrisburg, PA cost?
Median Sold Price
$230,048
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Harrisburg have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Harrisburg was $230,048 in May 2024, up 17.1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $118K | -21.9% |
| 2 Bedrooms | $187K | $195K | +4.3% |
| 3 Bedrooms | $205K | $235.5K | +14.9% |
| 4 Bedrooms | $231K | $290K | +25.5% |
| 5+ Bedrooms | $122.4K | $182.7K | +49.2% |
Summary: Harrisburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 49.2%.
Median Sold Price Compared To Nearby Cities
| Harrisburg | $196.5K | $230K | +17.1% |
| Lemoyne | $210K | $245K | +16.7% |
| Susquehanna Township | $219.7K | $250K | +13.8% |
| East Pennsboro Township | $230.5K | $232K | +0.6% |
| Wormleysburg | $238K | $207K | -13.0% |
Housing Supply in Harrisburg, PA
How many homes are available in Harrisburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 440 | 516 | +17.3% |
Summary: The Harrisburg real estate market had 516 homes for sale in May 2024, a 17.3% 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 | 54 | 53 | -1.9% |
| 3 Bedrooms | 225 | 273 | +21.3% |
| 4 Bedrooms | 111 | 133 | +19.8% |
| 5+ Bedrooms | 45 | 52 | +15.6% |
Summary: The Harrisburg 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 1.9%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 111 | +18.1% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harrisburg, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 111 homes were sold or pending in Harrisburg in May 2024, up by 18.1% month-over-month. Of the 111 sold homes, 39% were sold under asking, 18% were sold at asking, and 43% were sold over asking.
Days on Market for Harrisburg, PA
How long does it take to sell a home in Harrisburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +21.2% |
Summary: Homes in Harrisburg had an average of 26 days on market in May 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harrisburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 111 homes were sold in Harrisburg; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
