$4,750 Closing Credit*
$400,000
2,254 SqFt
3 Beds
•1 Full Bath, 1 Partial
Carl E Unruh, Listing Office: Kingsway Realty - Ephrata
Is Rapho Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Rapho Township has remained a Seller's Market.
Key Takeaway
Rapho Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rapho Township, PA
How much do homes in Rapho Township, PA cost?
Median Sold Price
$369,900
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$10,050(-2.6%)
Key Takeaway
Homes in Rapho Township have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Rapho Township was $369,900 in December 2024, down 2.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101K | $101K | 0.0% |
| 2 Bedrooms | $345K | $340K | -1.4% |
| 3 Bedrooms | $377K | $362.5K | -3.8% |
| 4 Bedrooms | $420K | $490.6K | +16.8% |
| 5+ Bedrooms | $400K | $380K | -5.0% |
Summary: Rapho Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Manheim | $301K | $325K | +8.0% |
| Mount Joy Township | $333.5K | $325K | -2.5% |
| Rapho Township | $379.9K | $369.9K | -2.6% |
| Mount Joy | $335K | $325K | -3.0% |
| Penn Township | $340K | $328.5K | -3.4% |
Housing Supply in Rapho Township, PA
How many homes are available in Rapho Township, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Rapho Township real estate market had 14 homes for sale in December 2024, a 6.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rapho Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rapho Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Rapho Township in December 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Rapho Township, PA
How long does it take to sell a home in Rapho Township, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -25.4% |
Summary: Homes in Rapho Township had an average of 17 days on market in Dec 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rapho Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Rapho Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
