$1,781 Closing Credit*
$150,000
462 SqFt
1 Bed
•1 Full Bath
Jason S. Burkholder, Listing Office: Hometown Property Sales
Is Pequea, 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, Pequea has remained a Seller's Market.
Key Takeaway
Pequea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pequea, PA
How much do homes in Pequea, PA cost?
Median Sold Price
$382,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,500(+2.0%)
Key Takeaway
Homes in Pequea have sold for 2% more than they did a year ago.
Summary: The median home sold price in Pequea was $382,500 in November 2024, up 2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $248.5K | $212.5K | -14.5% |
| 3 Bedrooms | $345K | $345K | 0.0% |
| 4 Bedrooms | $451K | $470.5K | +4.3% |
| 5+ Bedrooms | $470.6K | $495K | +5.2% |
Summary: Pequea 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 14.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Martic Township | $352K | $405K | +15.1% |
| Conestoga | $330K | $355K | +7.6% |
| Conestoga Township | $342.5K | $355K | +3.6% |
| Pequea | $375K | $382.5K | +2.0% |
| Pequea Township | $350K | $331K | -5.4% |
Housing Supply in Pequea, PA
How many homes are available in Pequea, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Pequea real estate market had 6 homes for sale in November 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Pequea 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pequea, 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 Pequea in November 2024, up by 100.0% 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 Pequea, PA
How long does it take to sell a home in Pequea, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 5 Days | -5.6% |
Summary: Homes in Pequea had an average of 5 days on market in Nov 2024, down by 5.6% 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
Key Takeaway
Many homes in Pequea are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Pequea; 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.
