$3,859 Closing Credit*
$325,000
1,456 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: BetterHomes&GardensRE/Cassidon
Is Palmer Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$383,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,550(+9.6%)
Key Takeaway
Homes in Palmer Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Palmer Township was $383,500 in November 2024, up 9.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $232.5K | N/A |
| 2 Bedrooms | $302K | $316K | +4.6% |
| 3 Bedrooms | $315K | $371.1K | +17.8% |
| 4 Bedrooms | $449.9K | $420K | -6.6% |
| 5+ Bedrooms | $479.9K | $545K | +13.6% |
Summary: Palmer 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 increased by 4.6%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Forks Township | $429K | $489.9K | +14.2% |
| Palmer Township | $349.9K | $383.5K | +9.6% |
| Wilson | $224K | $239.9K | +7.1% |
Housing Supply in Palmer Township, PA
How many homes are available in Palmer Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 88 | -15.4% |
Summary: The Palmer Township real estate market had 88 homes for sale in November 2024, a 15.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 58 | 43 | -25.9% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Palmer 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 increased by 33.3%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 28 | +47.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer Township, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Palmer Township in November 2024, up by 47.4% month-over-month. Of the 28 sold homes, 46% were sold under asking, 11% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 36 Days | +155.8% |
Summary: Homes in Palmer Township had an average of 36 days on market in Nov 2024, up by 155.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 28 homes were sold in Palmer Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
