$4,155 Closing Credit*
$349,900
1,829 SqFt
3 Beds
•1 Full Bath, 1 Partial
William Catesby Gilbert, Listing Office: Mountain Realty ERA Powered
Is Ephrata Township, 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, 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
$330,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.8%)
Key Takeaway
Homes in Ephrata Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Ephrata Township was $330,000 in October 2024, up 4.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $265K | $295.4K | +11.5% |
| 3 Bedrooms | $292.2K | $314.9K | +7.8% |
| 4 Bedrooms | $377.5K | $401.9K | +6.5% |
| 5+ Bedrooms | $441K | $445K | +0.9% |
Summary: Ephrata Township 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 11.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Stevens | $310K | $338.9K | +9.3% |
| Ephrata | $309K | $330K | +6.8% |
| Akron | $315K | $335K | +6.3% |
| Ephrata Township | $315K | $330K | +4.8% |
| West Earl Township | $350K | $335K | -4.3% |
Housing Supply in Ephrata Township, PA
How many homes are available in Ephrata Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 65 | -3.0% |
Summary: The Ephrata Township real estate market had 65 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Ephrata Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ephrata Township, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Ephrata Township in October 2024, up by 4.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 16 Days | +51.4% |
Summary: Homes in Ephrata Township had an average of 16 days on market in Oct 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ephrata Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Ephrata Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
