$4,630 Closing Credit*
$389,900
1,284 SqFt
2 Beds
•2 Full Baths
Kathleen Wolfgang, Listing Office: Keller Williams Real Estate -Exton
Is Trappe, 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, 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 October 2023
-$12,500(-2.9%)
Key Takeaway
Homes in Trappe have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Trappe was $420,000 in October 2024, down 2.9% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389.5K | $335K | -14.0% |
| 3 Bedrooms | $386K | $375K | -2.8% |
| 4 Bedrooms | $667K | $625K | -6.3% |
| 5+ Bedrooms | $615K | $835K | +35.8% |
Summary: Trappe 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 decreased by 14%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 35.8%.
Median Sold Price Compared To Nearby Cities
| Perkiomen Township | $400K | $438.5K | +9.6% |
| Upper Providence Township | $484.9K | $510K | +5.2% |
| Collegeville | $539.9K | $541.5K | 0.3% |
| Trappe | $432.5K | $420K | -2.9% |
Housing Supply in Trappe, PA
How many homes are available in Trappe, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Trappe real estate market had 13 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Trappe 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 increased by 200%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trappe, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Trappe in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 4 Days | -87.6% |
Summary: Homes in Trappe had an average of 4 days on market in Oct 2024, down by 87.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were 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 October 2024, 3 homes were sold in Trappe; 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.
