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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Salem Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, West Salem Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in West Salem Township, PA

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

Median Sold Price

$137,000

$50/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$57,000(+71.3%)

Key Takeaway

Homes in West Salem Township have sold for 71.3% more than they did a year ago.

Summary: The median home sold price in West Salem Township was $137,000 in October 2024, up 71.3% from last year, and the median price per square foot was $50.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $51.5K-
N/A
2 $80K$125K
+56.3%
3 $127.1K$128K
+0.7%
4 $218.5K$157.5K
-27.9%
5+ --
N/A

Summary: West Salem 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 increased by 56.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Salem Township
+71.3%
Greenville
+2.5%
Transfer
-5.4%
Hempfield Township
-17.5%

Housing Supply in West Salem Township, PA

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
811+37.5%

Summary: The West Salem Township real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 67
+16.7%
4 12
+100.0%
5+ 00
0.0%

Summary: The West Salem 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 increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in West Salem Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for West Salem Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
211 Days104 Days-50.5%

Summary: Homes in West Salem Township had an average of 104 days on market in Oct 2024, down by 50.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Salem Township has remained consistent over time.

Summary: During October 2024, 2 homes were sold in West Salem Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in West Salem Township, PA

Nearby Markets to West Salem Township, PA

What housing markets are near West Salem Township, PA?