Is German Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing German Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, German Township has remained a Buyer's Market.

Key Takeaway

German Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in German Township, PA

How much do homes in German Township, PA cost?

Median Sold Price

$34,700

$40/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$95,300(-73.3%)

Key Takeaway

Homes in German Township have sold for 73.3% less than they did a month ago.

Summary: The median home sold price in German Township was $34,700 in November 2024, down 73.3% from last month, and the median price per square foot was $40.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$22.5K
N/A
2 -$46.9K
N/A
3 --
N/A
4 $130K-
N/A
5+ --
N/A

Summary: German Township housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

German Township
-73.3%
Adah
-73.3%

Housing Supply in German Township, PA

How many homes are available in German Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1115+36.4%

Summary: The German Township real estate market had 15 homes for sale in November 2024, a 36.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 24
+100.0%
3 57
+40.0%
4 22
0.0%
5+ 11
0.0%

Summary: The German 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 increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in German Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in German Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for German Township, PA

How long does it take to sell a home in German Township, PA?

Average Sale Time

Oct 2024Nov 2024CHANGE
10 Days98 Days+880.0%

Summary: Homes in German Township had an average of 98 days on market in Nov 2024, up by 880% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in German Township has remained consistent over time.

Summary: During November 2024, 2 homes were sold in German Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in German Township, PA

Nearby Markets to German Township, PA

What housing markets are near German Township, PA?