Is Derry Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Derry Township has remained a Seller's Market.
Housing Prices in Derry Township, PA
How much do homes in Derry Township, PA cost?
Median Sold Price
$175,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Derry Township was $175,000 in May 2024, down 2.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $99K | -47.2% |
2 Bedrooms | $136.5K | $145K | +6.2% |
3 Bedrooms | $180K | $182.5K | +1.4% |
4 Bedrooms | $237.4K | $211K | -11.1% |
5+ Bedrooms | $226.2K | - | N/A |
Summary: Derry Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Derry | $149K | $157.5K | +5.7% |
Derry Township | $180K | $175K | -2.8% |
Housing Supply in Derry Township, PA
How many homes are available in Derry Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 55 | +5.8% |
Summary: The Derry Township real estate market had 55 homes for sale in May 2024, a 5.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 34 | 31 | -8.8% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Derry Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Derry Township in May 2024, up by 87.5% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Derry Township, PA
How long does it take to sell a home in Derry Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 27 Days | -46.4% |
Summary: Homes in Derry Township had an average of 27 days on market in May 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Derry 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.