$2,434 Closing Credit*
$205,000
1,317 SqFt
3 Beds
•1 Full Bath
#20-98374, SUSAN L BARCHIK, Listing Office: CENTURY 21 COVERED BRIDGES REALTY, INC.
Is Salem Township, 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, Salem Township has remained a Seller's Market.
Key Takeaway
Salem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salem Township, PA
How much do homes in Salem Township, PA cost?
Median Sold Price
$227,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+11.8%)
Key Takeaway
Homes in Salem Township have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Salem Township was $227,000 in October 2024, up 11.8% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.5K | $238K | +64.7% |
| 3 Bedrooms | $205K | $240K | +17.1% |
| 4 Bedrooms | $298K | $215K | -27.9% |
| 5+ Bedrooms | $113.5K | $210K | +85.0% |
Summary: Salem Township 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 64.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes increased by 85%.
Housing Supply in Salem Township, PA
How many homes are available in Salem Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Salem Township real estate market had 9 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Salem 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 decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salem Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Salem Township in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Salem Township, PA
We’re sorry, we don't have information for this market at the moment
