Is Marshall Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Marshall Township was a Seller's Market.
Key Takeaway
Marshall Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Marshall Township, PA
How much do homes in Marshall Township, PA cost?
Median Sold Price
$512,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marshall Township have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Marshall Township was $512,500 in May 2024, down 4.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $154.5K | N/A |
| 2 Bedrooms | $215K | $238.5K | +10.9% |
| 3 Bedrooms | $385K | $424.4K | +10.2% |
| 4 Bedrooms | $597.2K | $613.2K | +2.7% |
| 5+ Bedrooms | $1.1M | $1.4M | +27.9% |
Summary: Marshall 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 10.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 27.9%.
Median Sold Price Compared To Nearby Cities
| Wexford | $441.7K | $495K | +12.1% |
| Bradfordwoods | $517.5K | $540K | +4.3% |
| Bradford Woods | $517.5K | $540K | +4.3% |
| Marshall Township | $539K | $512.5K | -4.9% |
Housing Supply in Marshall Township, PA
How many homes are available in Marshall Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 58 | +41.5% |
Summary: The Marshall Township real estate market had 58 homes for sale in May 2024, a 41.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 17 | +112.5% |
| 4 Bedrooms | 17 | 25 | +47.1% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Marshall 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 remained the same, 3 bedroom homes increased by 112.5%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshall Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Marshall Township in May 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Marshall Township, PA
How long does it take to sell a home in Marshall Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 21 Days | -2.3% |
Summary: Homes in Marshall Township had an average of 21 days on market in May 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
6 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 Marshall Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Marshall Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
