$2,351 Closing Credit*
$198,000
2 Beds
•2 Full Baths
Emily Weaver, Listing Office: RE/MAX 1st Advantage
Is Shippensburg 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, Shippensburg Township has remained a Seller's Market.
Key Takeaway
Shippensburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shippensburg Township, PA
How much do homes in Shippensburg Township, PA cost?
Median Sold Price
$275,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+7.8%)
Key Takeaway
Homes in Shippensburg Township have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Shippensburg Township was $275,000 in October 2024, up 7.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $183.6K | $205.5K | +11.9% |
| 3 Bedrooms | $250K | $275K | +10.0% |
| 4 Bedrooms | $320K | $350K | +9.4% |
| 5+ Bedrooms | $299.9K | $418.5K | +39.5% |
Summary: Shippensburg 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 11.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 39.5%.
Median Sold Price Compared To Nearby Cities
| Southampton Township | $433.6K | $479K | +10.5% |
| Shippensburg Township | $255K | $275K | +7.8% |
| Shippensburg | $255K | $275K | +7.8% |
| Southampton Township | $423.3K | $439.3K | +3.8% |
Housing Supply in Shippensburg Township, PA
How many homes are available in Shippensburg Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 76 | -6.2% |
Summary: The Shippensburg Township real estate market had 76 homes for sale in October 2024, a 6.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 41 | 42 | +2.4% |
| 4 Bedrooms | 23 | 15 | -34.8% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Shippensburg 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 8.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 34.8%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shippensburg Township, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Shippensburg Township in October 2024, down by 34.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for Shippensburg Township, PA
How long does it take to sell a home in Shippensburg Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 31 Days | -30.6% |
Summary: Homes in Shippensburg Township had an average of 31 days on market in Oct 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shippensburg Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Shippensburg Township; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
