Is Plumstead Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plumstead Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Plumstead Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Plumstead Township, PA

How much do homes in Plumstead Township, PA cost?

Median Sold Price

$632,000

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$102,071(+19.3%)

Key Takeaway

Homes in Plumstead Township have sold for 19.3% more than they did a year ago.

Summary: The median home sold price in Plumstead Township was $632,000 in November 2024, up 19.3% from last year, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $340K-
N/A
2 $340K$340K
0.0%
3 $477K$451K
-5.5%
4 $693.5K$749.9K
+8.1%
5+ $932K$946K
+1.5%

Summary: Plumstead 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 did not change, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Pipersville
+29.9%
Plumstead Township
+19.3%

Housing Supply in Plumstead Township, PA

How many homes are available in Plumstead Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4336-16.3%

Summary: The Plumstead Township real estate market had 36 homes for sale in November 2024, a 16.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 45
+25.0%
3 1011
+10.0%
4 2314
-39.1%
5+ 56
+20.0%

Summary: The Plumstead Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 39.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plumstead Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Plumstead Township in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for Plumstead Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days51 Days+179.6%

Summary: Homes in Plumstead Township had an average of 51 days on market in Nov 2024, up by 179.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Plumstead Township; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

Newest Listings in Plumstead Township, PA

Nearby Markets to Plumstead Township, PA

What housing markets are near Plumstead Township, PA?