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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Potter Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Potter Township was a Neutral Market.

Key Takeaway

Potter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Potter Township, PA

How much do homes in Potter Township, PA cost?

Median Sold Price

$380,000

$178/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$83,000(-17.9%)

Key Takeaway

Homes in Potter Township have sold for 17.9% less than they did a month ago.

Summary: The median home sold price in Potter Township was $380,000 in October 2024, down 17.9% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $425K$380K
-10.6%
4 $463K$429.9K
-7.1%
5+ $850K-
N/A

Summary: Potter Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Potter Township
-17.9%
Centre Hall
-22.2%

Housing Supply in Potter Township, PA

How many homes are available in Potter Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2122+4.8%

Summary: The Potter Township real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 910
+11.1%
4 1011
+10.0%
5+ 10
-100.0%

Summary: The Potter 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Potter Township, 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 Potter Township in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Potter Township, PA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
102 Days9 Days-90.9%

Summary: Homes in Potter Township had an average of 9 days on market in Oct 2024, down by 90.9% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Potter Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Potter Township, PA

Nearby Markets to Potter Township, PA