Is South Middleton Township, 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, South Middleton Township has remained a Seller's Market.
Housing Prices in South Middleton Township, PA
How much do homes in South Middleton Township, PA cost?
Median Sold Price
$323,750
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Middleton Township was $323,750 in May 2024, down 10.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91K | - | N/A |
2 Bedrooms | $197.7K | $216.2K | +9.4% |
3 Bedrooms | $303K | $292.5K | -3.5% |
4 Bedrooms | $466K | $430K | -7.7% |
5+ Bedrooms | $464K | $579.1K | +24.8% |
Summary: South Middleton Township 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 9.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Cities
Mount Holly Springs | $250K | $268.5K | +7.4% |
Carlisle | $275K | $293.7K | +6.8% |
Monroe Township | $380K | $400K | +5.3% |
South Middleton Township | $360K | $323.7K | -10.1% |
Boiling Springs | $412K | $354.5K | -14.0% |
Housing Supply in South Middleton Township, PA
How many homes are available in South Middleton Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The South Middleton Township real estate market had 45 homes for sale in May 2024, a 18.4% 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 | 7 | 9 | +28.6% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The South Middleton 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 increased by 28.6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in South Middleton Township in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for South Middleton Township, PA
How long does it take to sell a home in South Middleton Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 15 Days | -37.4% |
Summary: Homes in South Middleton Township had an average of 15 days on market in May 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in South Middleton Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.