$2,374 Closing Credit*
$199,900
3 Beds
•2 Full Baths
#76410, Listing Office: Coldwell Banker Premier
Is Ephrata Township, 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 Township has remained a Seller's Market.
Key Takeaway
Ephrata Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ephrata Township, PA
How much do homes in Ephrata Township, PA cost?
Median Sold Price
$332,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,500(+8.3%)
Key Takeaway
Homes in Ephrata Township have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Ephrata Township was $332,000 in November 2024, up 8.3% 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 | $270K | $290.9K | +7.7% |
| 3 Bedrooms | $288.2K | $318.7K | +10.6% |
| 4 Bedrooms | $380K | $404K | +6.3% |
| 5+ Bedrooms | $430K | $460K | +7.0% |
Summary: Ephrata Township 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 7.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Stevens | $310K | $350K | +12.9% |
| Ephrata Township | $306.5K | $332K | +8.3% |
| Ephrata | $310K | $331.7K | +7.0% |
| Akron | $322K | $331K | +2.8% |
| West Earl Township | $350K | $340K | -2.9% |
Housing Supply in Ephrata Township, PA
How many homes are available in Ephrata Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 53 | -20.9% |
Summary: The Ephrata Township real estate market had 53 homes for sale in November 2024, a 20.9% 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 | 35 | 27 | -22.9% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Ephrata Township 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 22.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 16.7%.
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 Township, 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 Township 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 Township, PA
How long does it take to sell a home in Ephrata Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 17 Days | +33.6% |
Summary: Homes in Ephrata Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Ephrata Township; 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.
