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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martic Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Martic Township has remained a Seller's Market.

Key Takeaway

Martic Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Martic Township, PA

How much do homes in Martic Township, PA cost?

Median Sold Price

$405,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$53,000(+15.1%)

Key Takeaway

Homes in Martic Township have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Martic Township was $405,000 in November 2024, up 15.1% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $300K$212.5K
-29.2%
3 $312.5K$362K
+15.8%
4 $358.5K$470.5K
+31.2%
5+ $557.5K$495K
-11.2%

Summary: Martic Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes decreased by 11.2%.

Median Sold Price Compared To Nearby Cities

Martic Township
+15.1%
Conestoga Township
+3.6%
Pequea
+2.0%

Housing Supply in Martic Township, PA

How many homes are available in Martic Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13130.0%

Summary: The Martic Township real estate market had 13 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 98
-11.1%
4 13
+200.0%
5+ 21
-50.0%

Summary: The Martic 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martic Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Martic Township in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Martic Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days5 Days-21.3%

Summary: Homes in Martic Township had an average of 5 days on market in Nov 2024, down by 21.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Martic Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Martic Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Martic Township, PA

Nearby Markets to Martic Township, PA