$9,797 Closing Credit*
$824,999
3,150 SqFt
4 Beds
•3 Full Baths, 1 Partial
John R. Salkowski, Listing Office: The JRS Realty Group
Is Trappe, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Trappe has remained a Seller's Market.
Key Takeaway
Trappe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trappe, PA
How much do homes in Trappe, PA cost?
Median Sold Price
$420,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-1.2%)
Key Takeaway
Homes in Trappe have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Trappe was $420,000 in November 2024, down 1.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389K | $338.5K | -13.0% |
| 3 Bedrooms | $390K | $382K | -2.1% |
| 4 Bedrooms | $686K | $550K | -19.8% |
| 5+ Bedrooms | $580K | $835K | +44.0% |
Summary: Trappe 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 13%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 19.8%, and 5+ bedroom homes increased by 44%.
Median Sold Price Compared To Nearby Cities
| Perkiomen Township | $400K | $450K | +12.5% |
| Upper Providence Township | $480K | $538.6K | +12.2% |
| Collegeville | $539.9K | $555K | +2.8% |
| Trappe | $425K | $420K | -1.2% |
Housing Supply in Trappe, PA
How many homes are available in Trappe, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Trappe real estate market had 9 homes for sale in November 2024, a 30.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Trappe 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 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trappe, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Trappe in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Trappe, PA
How long does it take to sell a home in Trappe, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 16 Days | -63.4% |
Summary: Homes in Trappe had an average of 16 days on market in Nov 2024, down by 63.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trappe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Trappe; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
