$9,321 Closing Credit*
$784,900
2,976 SqFt
4 Beds
•3 Full Baths
ELIZABETH KNOUSE FOOTE, Listing Office: Berkshire Hathaway HomeServices Homesale Realty
Is Cumberland County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cumberland County has remained a Seller's Market.
Key Takeaway
Cumberland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumberland County, PA
How much do homes in Cumberland County, PA cost?
Median Sold Price
$305,160
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,423(+2.2%)
Key Takeaway
Homes in Cumberland County have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Cumberland County was $305,160 in October 2024, up 2.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.9K | $144.6K | +8.0% |
| 2 Bedrooms | $201K | $215K | +7.0% |
| 3 Bedrooms | $270.8K | $284.9K | +5.2% |
| 4 Bedrooms | $413K | $415.6K | +0.6% |
| 5+ Bedrooms | $525K | $615K | +17.1% |
Summary: Cumberland County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Counties
| Dauphin County | $225.9K | $249.9K | +10.6% |
| Adams County | $284.3K | $309.9K | +9.0% |
| Perry County | $242K | $257.5K | +6.4% |
| Franklin County | $264.3K | $275K | +4.0% |
| Cumberland County | $298.7K | $305.1K | +2.2% |
Housing Supply in Cumberland County, PA
How many homes are available in Cumberland County, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 881 | 879 | -0.2% |
Summary: The Cumberland County real estate market had 879 homes for sale in October 2024, a 0.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 103 | 111 | +7.8% |
| 3 Bedrooms | 415 | 417 | 0.5% |
| 4 Bedrooms | 286 | 266 | -7.0% |
| 5+ Bedrooms | 74 | 79 | +6.8% |
Summary: The Cumberland County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 236 | 239 | +1.3% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
99 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland County, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.
Summary: A total of 239 homes were sold or pending in Cumberland County in October 2024, up by 1.3% month-over-month. Of the 239 sold homes, 30% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for Cumberland County, PA
How long does it take to sell a home in Cumberland County, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +25.0% |
Summary: Homes in Cumberland County had an average of 22 days on market in Oct 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
188 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumberland County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 239 homes were sold in Cumberland County; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
