$195,000
2.50 Acres
Land
Pamela Rux, Listing Office: Iron Valley Real Estate of Central PA
Is Reinholds, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Reinholds has remained a Seller's Market.
Key Takeaway
Reinholds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reinholds, PA
How much do homes in Reinholds, PA cost?
Median Sold Price
$340,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,050(+7.6%)
Key Takeaway
Homes in Reinholds have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Reinholds was $340,000 in October 2024, up 7.6% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $255.9K | $299.9K | +17.2% |
| 3 Bedrooms | $314K | $332K | +5.7% |
| 4 Bedrooms | $360K | $420K | +16.7% |
| 5+ Bedrooms | $317K | $345K | +8.8% |
Summary: Reinholds housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Reinholds | $315.9K | $340K | +7.6% |
| South Heidelberg Township | $336K | $360K | +7.1% |
| East Cocalico Township | $310K | $325K | +4.8% |
Housing Supply in Reinholds, PA
How many homes are available in Reinholds, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Reinholds real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Reinholds 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 10%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Reinholds, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Reinholds in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Reinholds, PA
How long does it take to sell a home in Reinholds, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 10 Days | -84.7% |
Summary: Homes in Reinholds had an average of 10 days on market in Oct 2024, down by 84.7% compared to last year.
Breakdown of Home Sale Times
5 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 Reinholds are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Reinholds; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
