$404 Closing Credit*
$34,000
4 Beds
•1 Full Bath, 1 Partial
Jeffrey Walker, Listing Office: Forest Lake Real Estate Group
Is Derry Township, 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 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
$170,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,618(-3.7%)
Key Takeaway
Homes in Derry Township have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Derry Township was $170,000 in October 2024, down 3.7% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $110K | $145K | +31.8% |
| 3 Bedrooms | $185K | $177K | -4.3% |
| 4 Bedrooms | $245K | $199.9K | -18.4% |
| 5+ Bedrooms | $222K | - | N/A |
Summary: Derry Township 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 31.8%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lewistown | $139K | $141.5K | +1.8% |
| Derry Township | $176.6K | $170K | -3.7% |
| Granville Township | $169K | $150K | -11.2% |
Housing Supply in Derry Township, PA
How many homes are available in Derry Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Summary: The Derry Township real estate market had 30 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Derry Township 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Derry Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Derry Township in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 12 Days | -52.0% |
Summary: Homes in Derry Township had an average of 12 days on market in Oct 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
6 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Derry Township; 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.
