$6,709 Closing Credit*
$565,000
3,212 SqFt
4 Beds
•1 Full Bath, 1 Partial
Russ Akinin, Listing Office: Keller Williams Elite
Is Ephrata, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Ephrata has remained a Seller's Market.
Key Takeaway
Ephrata is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ephrata, PA
How much do homes in Ephrata, PA cost?
Median Sold Price
$331,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$16,500(+5.2%)
Key Takeaway
Homes in Ephrata have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Ephrata was $331,500 in December 2024, up 5.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $270K | $295.4K | +9.4% |
| 3 Bedrooms | $290.5K | $315K | +8.4% |
| 4 Bedrooms | $394.9K | $405K | +2.6% |
| 5+ Bedrooms | $441K | $455K | +3.2% |
Summary: Ephrata housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Ephrata Township | $312K | $332K | +6.4% |
| Ephrata | $315K | $331.5K | +5.2% |
| Akron | $321K | $330K | +2.8% |
Housing Supply in Ephrata, PA
How many homes are available in Ephrata, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 53 | 42 | -20.8% |
Summary: The Ephrata real estate market had 42 homes for sale in December 2024, a 20.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 12 | 6 | -50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ephrata housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ephrata, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Ephrata in December 2024, down by 16.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for Ephrata, PA
How long does it take to sell a home in Ephrata, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 14 Days | 24 Days | +70.9% |
Summary: Homes in Ephrata had an average of 24 days on market in Dec 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ephrata are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 15 homes were sold in Ephrata; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
