$7,124 Closing Credit*
$599,900
4,376 SqFt
4 Beds
•2 Full Baths, 2 Partial
Christopher J Carr, Listing Office: HomeZu by Simple Choice
Is Mount Gretna, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mount Gretna has remained a Seller's Market.
Key Takeaway
Mount Gretna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Gretna, PA
How much do homes in Mount Gretna, PA cost?
Median Sold Price
$375,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+3.0%)
Key Takeaway
Homes in Mount Gretna have sold for 3% more than they did a year ago.
Summary: The median home sold price in Mount Gretna was $375,000 in October 2024, up 3% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $274.5K | -16.8% |
| 3 Bedrooms | $350K | $432.2K | +23.5% |
| 4 Bedrooms | $400K | $395K | -1.3% |
| 5+ Bedrooms | $605K | $499.5K | -17.4% |
Summary: Mount Gretna housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.8%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| South Londonderry Township | $345K | $375.5K | +8.8% |
| Mount Gretna | $364K | $375K | +3.0% |
Housing Supply in Mount Gretna, PA
How many homes are available in Mount Gretna, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Mount Gretna real estate market had 5 homes for sale in October 2024, a 37.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mount Gretna housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Gretna, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Mount Gretna in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mount Gretna, PA
How long does it take to sell a home in Mount Gretna, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 5 Days | -20.0% |
Summary: Homes in Mount Gretna had an average of 5 days on market in Oct 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Gretna are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Mount Gretna; 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.
