Is Richland Township, 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, Richland Township has remained a Seller's Market.
Housing Prices in Richland Township, PA
How much do homes in Richland Township, PA cost?
Median Sold Price
$330,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Richland Township was $330,000 in April 2024, down 9.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $237.9K | $232.4K | -2.3% |
3 Bedrooms | $264.9K | $290K | +9.5% |
4 Bedrooms | $452.1K | $450.2K | -0.4% |
5+ Bedrooms | $792.5K | $695K | -12.3% |
Summary: Richland Township 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 decreased by 2.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Cities
Middlesex Township | $365K | $454.3K | +24.5% |
Gibsonia | $405.1K | $412K | +1.7% |
Richland Township | $365K | $330K | -9.6% |
Housing Supply in Richland Township, PA
How many homes are available in Richland Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Summary: The Richland Township real estate market had 32 homes for sale in April 2024, a 18.5% 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 | 1 | -66.7% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Richland Township 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 decreased by 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Richland Township in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Richland Township, PA
How long does it take to sell a home in Richland Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 33 Days | -3.0% |
Summary: Homes in Richland Township had an average of 33 days on market in Apr 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Richland Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.