$1,483 Closing Credit*
$124,900
1,344 SqFt
3 Beds
•2 Full Baths
Phyllis Rothweiler, Listing Office: Howard Hanna Real Estate Services - Lancaster
Is Gap, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gap has remained a Seller's Market.
Key Takeaway
Gap is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gap, PA
How much do homes in Gap, PA cost?
Median Sold Price
$382,500
$173/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$95,000(-19.9%)
Key Takeaway
Homes in Gap have sold for 19.9% less than they did a month ago.
Summary: The median home sold price in Gap was $382,500 in October 2024, down 19.9% from last month, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $458.7K | $361.5K | -21.2% |
| 4 Bedrooms | $550K | $470K | -14.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Gap housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gap | $477.5K | $382.5K | -19.9% |
| Salisbury Township | $513.7K | $385K | -25.1% |
| West Sadsbury Township | $600K | $350K | -41.7% |
| Kinzers | $835K | $315K | -62.3% |
Housing Supply in Gap, PA
How many homes are available in Gap, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Gap real estate market had 15 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gap housing inventory by bedroom type for October 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 increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gap, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Gap in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Gap, PA
How long does it take to sell a home in Gap, PA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 36 Days | +108.0% |
Summary: Homes in Gap had an average of 36 days on market in Oct 2024, up by 108% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gap has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Gap; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
