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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Deer Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Deer Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Deer Township, PA

How much do homes in West Deer Township, PA cost?

Median Sold Price

$311,250

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,250(+9.2%)

Key Takeaway

Homes in West Deer Township have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in West Deer Township was $311,250 in October 2024, up 9.2% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $195K$160K
-17.9%
3 $285K$323.6K
+13.6%
4 $335K$378.8K
+13.1%
5+ $717.2K$445K
-38.0%

Summary: West Deer 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 decreased by 17.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 38%.

Median Sold Price Compared To Nearby Cities

West Deer Township
+9.2%
Gibsonia
-4.1%

Housing Supply in West Deer Township, PA

How many homes are available in West Deer Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4348+11.6%

Summary: The West Deer Township real estate market had 48 homes for sale in October 2024, a 11.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2834
+21.4%
4 78
+14.3%
5+ 21
-50.0%

Summary: The West Deer 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 16.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Deer Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in West Deer Township in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for West Deer Township, PA

How long does it take to sell a home in West Deer Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days30 Days-41.1%

Summary: Homes in West Deer Township had an average of 30 days on market in Oct 2024, down by 41.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in West Deer Township; 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 20 Days Ago

Newest Listings in West Deer Township, PA

Nearby Markets to West Deer Township, PA

What housing markets are near West Deer Township, PA?