$3,859 Closing Credit*
$325,000
1,616 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: BHHS - Choice Properties
Is Palmer Township, 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, Palmer Township has remained a Seller's Market.
Key Takeaway
Palmer Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmer Township, PA
How much do homes in Palmer Township, PA cost?
Median Sold Price
$380,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+10.1%)
Key Takeaway
Homes in Palmer Township have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Palmer Township was $380,000 in October 2024, up 10.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $232.5K | N/A |
| 2 Bedrooms | $320K | $300K | -6.3% |
| 3 Bedrooms | $310.6K | $370.2K | +19.2% |
| 4 Bedrooms | $420K | $435K | +3.6% |
| 5+ Bedrooms | $489.9K | $540K | +10.2% |
Summary: Palmer Township 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 6.3%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Forks Township | $420K | $487.7K | +16.1% |
| Palmer Township | $345K | $380K | +10.1% |
| Wilson | $220K | $239.4K | +8.8% |
Housing Supply in Palmer Township, PA
How many homes are available in Palmer Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 97 | 0.0% |
Summary: The Palmer Township real estate market had 97 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 47 | 55 | +17.0% |
| 4 Bedrooms | 29 | 25 | -13.8% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Palmer Township 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 22.2%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer Township, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Palmer Township in October 2024, down by 5.0% month-over-month. Of the 19 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for Palmer Township, PA
How long does it take to sell a home in Palmer Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 22 Days | +62.7% |
Summary: Homes in Palmer Township had an average of 22 days on market in Oct 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmer Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Palmer Township; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
