Is Guilford Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Guilford Township has remained a Seller's Market.
Key Takeaway
Guilford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Guilford Township, PA
How much do homes in Guilford Township, PA cost?
Median Sold Price
$292,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Guilford Township have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Guilford Township was $292,500 in May 2024, down 1.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220.7K | $243.7K | +10.4% |
| 3 Bedrooms | $295K | $281.5K | -4.6% |
| 4 Bedrooms | $316K | $365K | +15.5% |
| 5+ Bedrooms | $392K | $442.5K | +12.9% |
Summary: Guilford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Chambersburg | $251.7K | $264.2K | +5.0% |
| Hamilton Township | $300K | $315K | +5.0% |
| Greene Township | $270K | $273.9K | +1.5% |
| Guilford Township | $297.5K | $292.5K | -1.7% |
Housing Supply in Guilford Township, PA
How many homes are available in Guilford Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 46 | +2.2% |
Summary: The Guilford Township real estate market had 46 homes for sale in May 2024, a 2.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 6 | 12 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Guilford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Guilford Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Guilford Township in May 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Guilford Township, PA
How long does it take to sell a home in Guilford Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +10.5% |
Summary: Homes in Guilford Township had an average of 26 days on market in May 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Guilford Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Guilford Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
