$3,907 Closing Credit*
$329,000
910 SqFt
2 Beds
•1 Full Bath
Anthony Tchekalenko, Listing Office: Keller Williams Elite
Is East Petersburg, 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 Petersburg has remained a Seller's Market.
Key Takeaway
East Petersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Petersburg, PA
How much do homes in East Petersburg, PA cost?
Median Sold Price
$355,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,000(+12.3%)
Key Takeaway
Homes in East Petersburg have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in East Petersburg was $355,000 in October 2024, up 12.3% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $380.5K | +38.4% |
| 3 Bedrooms | $303.5K | $283K | -6.8% |
| 4 Bedrooms | $346.1K | $450.5K | +30.2% |
| 5+ Bedrooms | $270K | $586.5K | +117.2% |
Summary: East Petersburg 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 38.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 30.2%, and 5+ bedroom homes increased by 117.2%.
Median Sold Price Compared To Nearby Cities
| East Petersburg | $316K | $355K | +12.3% |
| Manheim Township | $369.9K | $389.9K | +5.4% |
| East Hempfield Township | $375.5K | $390K | +3.9% |
Housing Supply in East Petersburg, PA
How many homes are available in East Petersburg, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The East Petersburg real estate market had 25 homes for sale in October 2024, a 31.6% 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 | 13 | 18 | +38.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The East Petersburg 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 38.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Petersburg, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in East Petersburg in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for East Petersburg, PA
How long does it take to sell a home in East Petersburg, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 41 Days | +400.0% |
Summary: Homes in East Petersburg had an average of 41 days on market in Oct 2024, up by 400% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Petersburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in East Petersburg; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
