Is Steelton, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Steelton is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Steelton, PA

How much do homes in Steelton, PA cost?

Median Sold Price

$139,450

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,550(+1.9%)

Key Takeaway

Homes in Steelton have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Steelton was $139,450 in November 2024, up 1.9% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $112K$126.2K
+12.7%
3 $148K$141.5K
-4.4%
4 $165K$142.4K
-13.7%
5+ $114K$144.5K
+26.7%

Summary: Steelton 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 12.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 26.7%.

Median Sold Price Compared To Nearby Cities

Lower Swatara Township
+11.9%
New Cumberland
+5.7%
Swatara Township
+4.5%
Steelton
+1.9%

Housing Supply in Steelton, PA

How many homes are available in Steelton, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3531-11.4%

Summary: The Steelton real estate market had 31 homes for sale in November 2024, a 11.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1918
-5.3%
4 109
-10.0%
5+ 42
-50.0%

Summary: The Steelton 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 remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Steelton in November 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Steelton, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days25 Days+27.7%

Summary: Homes in Steelton had an average of 25 days on market in Nov 2024, up by 27.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Steelton; 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 2 Days Ago

Newest Listings in Steelton, PA

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