$404 Closing Credit*
$34,000
4 Beds
•1 Full Bath, 1 Partial
Jeffrey Walker, Listing Office: Forest Lake Real Estate Group
Is Derry, 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, Derry has remained a Seller's Market.
Key Takeaway
Derry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Derry, PA
How much do homes in Derry, PA cost?
Median Sold Price
$137,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,000(-0.7%)
Key Takeaway
Homes in Derry have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Derry was $137,000 in October 2024, down 0.7% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | - | N/A |
| 2 Bedrooms | $88.5K | $120.5K | +36.2% |
| 3 Bedrooms | $139K | $155.7K | +12.1% |
| 4 Bedrooms | $147.5K | $136K | -7.8% |
| 5+ Bedrooms | $120K | - | N/A |
Summary: Derry 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 increased by 36.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Derry | $138K | $137K | -0.7% |
| Derry Township | $175K | $169.5K | -3.1% |
Housing Supply in Derry, PA
How many homes are available in Derry, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Derry real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Derry 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 decreased by 25%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Derry, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Derry in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Derry, PA
How long does it take to sell a home in Derry, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 14 Days | -51.7% |
Summary: Homes in Derry had an average of 14 days on market in Oct 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Derry are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Derry; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
