Is Cumberland County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cumberland County is a seller's market

Buyer's
Market

Difference Since November 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

$309,172

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,037(+3.4%)

Key Takeaway

Homes in Cumberland County have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Cumberland County was $309,172 in November 2024, up 3.4% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $133.9K$140.9K
+5.2%
2 $200.5K$219.9K
+9.7%
3 $274.8K$285K
+3.7%
4 $410.3K$419.9K
+2.3%
5+ $527.5K$627.4K
+18.9%

Summary: Cumberland County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Counties

Dauphin County
+9.7%
Adams County
+8.7%
Perry County
+5.0%
Cumberland County
+3.4%
Franklin County
+2.8%

Housing Supply in Cumberland County, PA

How many homes are available in Cumberland County, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
871807-7.3%

Summary: The Cumberland County real estate market had 807 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 64
-33.3%
2 107109
+1.9%
3 411368
-10.5%
4 267258
-3.4%
5+ 8068
-15.0%

Summary: The Cumberland County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 15%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
259222-14.3%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

59 Homes Were Sold
At Asking

81 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cumberland County, you may be able to get a good deal. 36.9% of homes here sold below asking price last month.

Summary: A total of 222 homes were sold or pending in Cumberland County in November 2024, down by 14.3% month-over-month. Of the 222 sold homes, 37% were sold under asking, 27% were sold at asking, and 36% 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

Nov 2023Nov 2024CHANGE
22 Days26 Days+15.3%

Summary: Homes in Cumberland County had an average of 26 days on market in Nov 2024, up by 15.3% compared to last year.

Breakdown of Home Sale Times

166 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 222 homes were sold in Cumberland County; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 22 Days Ago

Newest Listings in Cumberland County, PA

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