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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shippensburg Township is a seller's market

Buyer's
Market

Difference Since November 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

$277,450

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,450(+7.5%)

Key Takeaway

Homes in Shippensburg Township have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Shippensburg Township was $277,450 in November 2024, up 7.5% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$160K
N/A
2 $183.6K$206K
+12.2%
3 $253.5K$275K
+8.5%
4 $330K$347.9K
+5.4%
5+ $309.9K$419K
+35.2%

Summary: Shippensburg Township 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 increased by 12.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 35.2%.

Median Sold Price Compared To Nearby Cities

Southampton Township
+10.8%
Shippensburg Township
+7.5%
Shippensburg
+7.5%
Southampton Township
+6.9%

Housing Supply in Shippensburg Township, PA

How many homes are available in Shippensburg Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7673-3.9%

Summary: The Shippensburg Township real estate market had 73 homes for sale in November 2024, a 3.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1115
+36.4%
3 4337
-14.0%
4 1415
+7.1%
5+ 76
-14.3%

Summary: The Shippensburg Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1914-26.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shippensburg Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Shippensburg Township in November 2024, down by 26.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
19 Days31 Days+65.0%

Summary: Homes in Shippensburg Township had an average of 31 days on market in Nov 2024, up by 65% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Shippensburg Township; 57% of homes were sold within 30 days, 43% 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 Shippensburg Township, PA

Nearby Markets to Shippensburg Township, PA

What housing markets are near Shippensburg Township, PA?