Is Rapho Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rapho Township has remained a Seller's Market.
Housing Prices in Rapho Township, PA
How much do homes in Rapho Township, PA cost?
Median Sold Price
$382,000
$175/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Rapho Township was $382,000 in April 2024, down 9.8% from last month, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $330.9K | $340K | +2.7% |
3 Bedrooms | $410K | $423.5K | +3.3% |
4 Bedrooms | $565K | $524.9K | -7.1% |
5+ Bedrooms | - | - | N/A |
Summary: Rapho Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.
Housing Supply in Rapho Township, PA
How many homes are available in Rapho Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Summary: The Rapho Township real estate market had 16 homes for sale in April 2024, a 27.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 12 | 8 | -33.3% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rapho Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Rapho Township in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Rapho Township, PA
How long does it take to sell a home in Rapho Township, PA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 26 Days | +241.0% |
Summary: Homes in Rapho Township had an average of 26 days on market in Apr 2024, up by 241% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Rapho Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.