$5,569 Closing Credit*
$469,000
2,902 SqFt
3 Beds
•3 Full Baths, 1 Partial
Marie Lynn Weaver, Listing Office: Berkshire Hathaway HomeServices Homesale Realty
Is Ephrata, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$331,750
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,750(+7.0%)
Key Takeaway
Homes in Ephrata have sold for 7% more than they did a year ago.
Summary: The median home sold price in Ephrata was $331,750 in November 2024, up 7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $265K | $290.9K | +9.8% |
| 3 Bedrooms | $290K | $317.5K | +9.5% |
| 4 Bedrooms | $378.7K | $401.9K | +6.1% |
| 5+ Bedrooms | $441K | $460K | +4.3% |
Summary: Ephrata housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Ephrata Township | $306.5K | $332K | +8.3% |
| Ephrata | $310K | $331.7K | +7.0% |
| Akron | $322K | $331K | +2.8% |
Housing Supply in Ephrata, PA
How many homes are available in Ephrata, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 52 | -20.0% |
Summary: The Ephrata real estate market had 52 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 34 | 27 | -20.6% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Ephrata housing inventory by bedroom type for November 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 20.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 17 | -32.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ephrata, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Ephrata in November 2024, down by 32.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 35% were sold at asking, and 53% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 17 Days | +33.6% |
Summary: Homes in Ephrata had an average of 17 days on market in Nov 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ephrata are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Ephrata; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
