Is Wernersville, 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, Wernersville has remained a Seller's Market.
Key Takeaway
Wernersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wernersville, PA
How much do homes in Wernersville, PA cost?
Median Sold Price
$277,450
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wernersville have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Wernersville was $277,450 in May 2024, down 0.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $333K | $179.9K | -46.0% |
| 3 Bedrooms | $255K | $265K | +3.9% |
| 4 Bedrooms | $383.5K | $372.5K | -2.9% |
| 5+ Bedrooms | $487.5K | $525K | +7.7% |
Summary: Wernersville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| South Heidelberg Township | $325.1K | $355K | +9.2% |
| Lower Heidelberg Township | $535K | $549.9K | +2.8% |
| Wernersville | $278.8K | $277.4K | -0.5% |
Housing Supply in Wernersville, PA
How many homes are available in Wernersville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Wernersville real estate market had 22 homes for sale in May 2024, a 22.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wernersville 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 100%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wernersville, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Wernersville in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Wernersville, PA
How long does it take to sell a home in Wernersville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 7 Days | -42.8% |
Summary: Homes in Wernersville had an average of 7 days on market in May 2024, down by 42.8% compared to last year.
Breakdown of Home Sale Times
5 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 Wernersville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Wernersville; 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.
