Is McSherrystown, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McSherrystown is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, McSherrystown was a Neutral Market.

Key Takeaway

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

Housing Prices in McSherrystown, PA

How much do homes in McSherrystown, PA cost?

Median Sold Price

$215,500

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$500(+0.2%)

Key Takeaway

The sold price of homes in McSherrystown has remained the same since last year.

Summary: The median home sold price in McSherrystown was $215,500 in November 2024, up 0.2% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $165K$205K
+24.2%
3 $215K$215.5K
0.2%
4 $229.9K$212K
-7.8%
5+ $252.3K$268K
+6.2%

Summary: McSherrystown 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 increased by 24.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Cities

Conewago Township
+17.0%
McSherrystown
0.2%
Mc Sherrystown
-3.7%

Housing Supply in McSherrystown, PA

How many homes are available in McSherrystown, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
911+22.2%

Summary: The McSherrystown real estate market had 11 homes for sale in November 2024, a 22.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 45
+25.0%
4 45
+25.0%
5+ 00
0.0%

Summary: The McSherrystown 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 increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McSherrystown, 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 McSherrystown in November 2024, up by 300.0% 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 McSherrystown, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
6 Days16 Days+170.8%

Summary: Homes in McSherrystown had an average of 16 days on market in Nov 2024, up by 170.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in McSherrystown; 75% of homes were sold within 30 days, 25% 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 2 Days Ago

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