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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Derry Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Derry Township, PA

How much do homes in Derry Township, PA cost?

Median Sold Price

$169,450

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,168(-4.1%)

Key Takeaway

Homes in Derry Township have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Derry Township was $169,450 in November 2024, down 4.1% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $170K$140K
-17.6%
2 $108.5K$149.5K
+37.8%
3 $192.5K$177K
-8.1%
4 $237.4K$188.7K
-20.5%
5+ $198.5K-
N/A

Summary: Derry Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 37.8%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lewistown
+2.1%
Granville Township
+0.6%
Derry Township
-4.1%

Housing Supply in Derry Township, PA

How many homes are available in Derry Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2928-3.4%

Summary: The Derry Township real estate market had 28 homes for sale in November 2024, a 3.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1817
-5.6%
4 55
0.0%
5+ 00
0.0%

Summary: The Derry Township housing inventory by bedroom type for November 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 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Derry Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Derry Township in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.

Days on Market for Derry Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days30 Days+119.8%

Summary: Homes in Derry Township had an average of 30 days on market in Nov 2024, up by 119.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Derry Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 21 Days Ago

Newest Listings in Derry Township, PA

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