Is Seven Valleys, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seven Valleys is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Seven Valleys has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Seven Valleys, PA

How much do homes in Seven Valleys, PA cost?

Median Sold Price

$315,250

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$29,750(-8.6%)

Key Takeaway

Homes in Seven Valleys have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Seven Valleys was $315,250 in November 2024, down 8.6% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $219.5K$192.5K
-12.3%
3 $279.9K$269.9K
-3.6%
4 $417K$390K
-6.5%
5+ $292K$455.2K
+55.9%

Summary: Seven Valleys housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 55.9%.

Median Sold Price Compared To Nearby Cities

Springfield Township
+3.9%
North Codorus Township
-3.2%
Seven Valleys
-8.6%

Housing Supply in Seven Valleys, PA

How many homes are available in Seven Valleys, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2523-8.0%

Summary: The Seven Valleys real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1212
0.0%
4 108
-20.0%
5+ 12
+100.0%

Summary: The Seven Valleys housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seven Valleys, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Seven Valleys in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Seven Valleys, PA

How long does it take to sell a home in Seven Valleys, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days8 Days-25.0%

Summary: Homes in Seven Valleys had an average of 8 days on market in Nov 2024, down by 25% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Seven Valleys; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in Seven Valleys, PA

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