$5,759 Closing Credit*
$485,000
1,941 SqFt
3 Beds
•2 Full Baths, 1 Partial
David Fite, Listing Office: David L. Fite Realty, LTD.
Is East Drumore 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, East Drumore Township has remained a Seller's Market.
Key Takeaway
East Drumore Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Drumore Township, PA
How much do homes in East Drumore Township, PA cost?
Median Sold Price
$495,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$158,500(+47.1%)
Key Takeaway
Homes in East Drumore Township have sold for 47.1% more than they did a year ago.
Summary: The median home sold price in East Drumore Township was $495,000 in October 2024, up 47.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $292K | N/A |
| 2 Bedrooms | $501K | - | N/A |
| 3 Bedrooms | $330K | $509.5K | +54.4% |
| 4 Bedrooms | $475K | $495K | +4.2% |
| 5+ Bedrooms | $350K | $650K | +85.7% |
Summary: East Drumore 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 did not change, 3 bedroom homes increased by 54.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 85.7%.
Median Sold Price Compared To Nearby Cities
| East Drumore Township | $336.5K | $495K | +47.1% |
| Quarryville | $335.7K | $344.2K | +2.5% |
Housing Supply in East Drumore Township, PA
How many homes are available in East Drumore Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The East Drumore Township real estate market had 7 homes for sale in October 2024, a 16.7% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Drumore Township 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Drumore Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in East Drumore Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for East Drumore Township, PA
How long does it take to sell a home in East Drumore Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 20 Days | +84.1% |
Summary: Homes in East Drumore Township had an average of 20 days on market in Oct 2024, up by 84.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Drumore Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in East Drumore Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
