Is Gilbertsville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gilbertsville has remained a Seller's Market.
Key Takeaway
Gilbertsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gilbertsville, PA
How much do homes in Gilbertsville, PA cost?
Median Sold Price
$418,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gilbertsville have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Gilbertsville was $418,500 in April 2024, down 1.5% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $241K | $315K | +30.7% |
| 3 Bedrooms | $359.9K | $370K | +2.8% |
| 4 Bedrooms | $474.9K | $526K | +10.7% |
| 5+ Bedrooms | $520K | $590K | +13.5% |
Summary: Gilbertsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Upper Pottsgrove Township | $341K | $370K | +8.5% |
| Douglass Township | $385K | $384.9K | 0% |
| Gilbertsville | $425K | $418.5K | -1.5% |
| New Hanover Township | $452K | $440K | -2.7% |
Housing Supply in Gilbertsville, PA
How many homes are available in Gilbertsville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 62 | +21.6% |
Summary: The Gilbertsville real estate market had 62 homes for sale in April 2024, a 21.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 20 | 27 | +35.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Gilbertsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gilbertsville, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Gilbertsville in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Gilbertsville, PA
How long does it take to sell a home in Gilbertsville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 14 Days | +88.5% |
Summary: Homes in Gilbertsville had an average of 14 days on market in Apr 2024, up by 88.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gilbertsville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Gilbertsville; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
