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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rye Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Rye Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Rye Township, PA

How much do homes in Rye Township, PA cost?

Median Sold Price

$325,000

$228/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$50,000(-13.3%)

Key Takeaway

Homes in Rye Township have sold for 13.3% less than they did a month ago.

Summary: The median home sold price in Rye Township was $325,000 in October 2024, down 13.3% from last month, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $375K$371.5K
-0.9%
4 -$325K
N/A
5+ --
N/A

Summary: Rye 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 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rye Township, PA

How many homes are available in Rye Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
660.0%

Summary: The Rye Township real estate market had 6 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Rye 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rye Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Rye Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Rye Township, PA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
5 Days19 Days+280.0%

Summary: Homes in Rye Township had an average of 19 days on market in Oct 2024, up by 280% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Rye Township; 67% of homes were sold within 30 days, 33% 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 16 Days Ago

Newest Listings in Rye Township, PA

Nearby Markets to Rye Township, PA

What housing markets are near Rye Township, PA?