Is Elk Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Elk Township has remained a Seller's Market.
Housing Prices in Elk Township, PA
How much do homes in Elk Township, PA cost?
Median Sold Price
$420,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Elk Township was $420,000 in September 2024, down 7.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $115K | N/A |
3 Bedrooms | $285K | $442.5K | +55.3% |
4 Bedrooms | $520K | $441K | -15.2% |
5+ Bedrooms | $927.5K | - | N/A |
Summary: Elk Township housing prices by bedroom type for September 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 55.3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Franklin Township | $500K | $593.7K | +18.8% |
Landenberg | $585K | $630K | +7.7% |
Lincoln University | $501.7K | $535K | +6.6% |
New London Township | $529.2K | $554.5K | +4.8% |
Elk Township | $455K | $420K | -7.7% |
Housing Supply in Elk Township, PA
How many homes are available in Elk Township, PA?
Number of Homes For Sale
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Summary: The Elk Township real estate market had 1 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elk Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Elk Township in September 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Elk Township, PA
How long does it take to sell a home in Elk Township, PA?
Average Sale Time
Sep 2023 | Sep 2024 | CHANGE |
---|---|---|
1 Day | 8 Days | +700.0% |
Summary: Homes in Elk Township had an average of 8 days on market in Sep 2024, up by 700% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During September 2024, 1 homes were sold in Elk 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.