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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Earl Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in West Earl Township, PA

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

Median Sold Price

$335,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-4.3%)

Key Takeaway

Homes in West Earl Township have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in West Earl Township was $335,000 in October 2024, down 4.3% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$130K
N/A
2 $353K$239K
-32.3%
3 $318K$335K
+5.3%
4 $412.5K$351.3K
-14.8%
5+ $438.5K-
N/A

Summary: West Earl 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 32.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Akron
+6.3%
Ephrata Township
+4.8%
West Earl Township
-4.3%

Housing Supply in West Earl Township, PA

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1011+10.0%

Summary: The West Earl Township real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 34
+33.3%
5+ 01
+100.0%

Summary: The West Earl 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

0 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 West Earl Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in West Earl Township in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for West Earl Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days10 Days-26.1%

Summary: Homes in West Earl Township had an average of 10 days on market in Oct 2024, down by 26.1% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in West Earl Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in West Earl Township, PA

Nearby Markets to West Earl Township, PA

What housing markets are near West Earl Township, PA?