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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing College Township is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in College Township, PA

How much do homes in College Township, PA cost?

Median Sold Price

$400,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$27,500(+7.4%)

Key Takeaway

Homes in College Township have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in College Township was $400,000 in December 2024, up 7.4% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $133K$169.9K
+27.7%
2 $250.7K$290K
+15.7%
3 $332.5K$367.5K
+10.5%
4 $430K$547.5K
+27.3%
5+ $571K$667.5K
+16.9%

Summary: College Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Cities

Boalsburg
+16.1%
College Township
+7.4%
State College
+0.6%

Housing Supply in College Township, PA

How many homes are available in College Township, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3932-17.9%

Summary: The College Township real estate market had 32 homes for sale in December 2024, a 17.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1514
-6.7%
4 127
-41.7%
5+ 55
0.0%

Summary: The College Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in College Township in December 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for College Township, PA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
32 Days26 Days-17.6%

Summary: Homes in College Township had an average of 26 days on market in Dec 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 8 homes were sold in College Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

Newest Listings in College Township, PA

Nearby Markets to College Township, PA