Is Bern Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bern Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Bern Township has remained a Seller's Market.

Key Takeaway

Bern Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bern Township, PA

How much do homes in Bern Township, PA cost?

Median Sold Price

$360,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,000(+5.3%)

Key Takeaway

Homes in Bern Township have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Bern Township was $360,000 in October 2024, up 5.3% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$200K
N/A
2 $340K$226K
-33.5%
3 $312.7K$340K
+8.7%
4 $435K$362.5K
-16.7%
5+ $550K$700K
+27.3%

Summary: Bern Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 27.3%.

Median Sold Price Compared To Nearby Cities

Ontelaunee Township
+6.8%
Leesport
+5.9%
Muhlenberg Township
+5.4%
Bern Township
+5.3%
Lower Heidelberg Township
-7.4%

Housing Supply in Bern Township, PA

How many homes are available in Bern Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3027-10.0%

Summary: The Bern Township real estate market had 27 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 22
0.0%
3 1110
-9.1%
4 97
-22.2%
5+ 77
0.0%

Summary: The Bern Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bern Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Bern Township in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.

Days on Market for Bern Township, PA

How long does it take to sell a home in Bern Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days54 Days+500.0%

Summary: Homes in Bern Township had an average of 54 days on market in Oct 2024, up by 500% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bern Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Bern Township; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Bern Township, PA

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What housing markets are near Bern Township, PA?