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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Richmond Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Richmond Township, PA

How much do homes in Richmond Township, PA cost?

Median Sold Price

$415,000

$131/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$17,500(-4.0%)

Key Takeaway

Homes in Richmond Township have sold for 4% less than they did a month ago.

Summary: The median home sold price in Richmond Township was $415,000 in December 2024, down 4% from last month, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$415K
N/A
4 $432.5K-
N/A
5+ --
N/A

Summary: Richmond Township housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tioga Township
+313.0%
Richmond Township
-4.0%

Housing Supply in Richmond Township, PA

How many homes are available in Richmond Township, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1110-9.1%

Summary: The Richmond Township real estate market had 10 homes for sale in December 2024, a 9.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 33
0.0%
4 20
-100.0%
5+ 45
+25.0%

Summary: The Richmond Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Richmond Township in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Richmond Township, PA

We’re sorry, we don't have information for this market at the moment

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

Report Updated 4 Days Ago

Newest Listings in Richmond Township, PA

Nearby Markets to Richmond Township, PA