Is Chambersburg Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chambersburg Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Chambersburg Township has remained a Seller's Market.

Key Takeaway

Chambersburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chambersburg Township, NC

How much do homes in Chambersburg Township, NC cost?

Median Sold Price

$324,959

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,959(+6.5%)

Key Takeaway

Homes in Chambersburg Township have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Chambersburg Township was $324,959 in May 2024, up 6.5% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $197.5K$279.9K
+41.8%
3 $283.5K$309.9K
+9.3%
4 $350K$388.4K
+11.0%
5+ $425.9K$335.4K
-21.2%

Summary: Chambersburg Township 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 increased by 41.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 21.2%.

Median Sold Price Compared To Nearby Cities

Statesville Township
+15.0%
Statesville
+13.2%
Cleveland Township
+9.1%
Chambersburg Township
+6.5%
Cool Springs Township
+5.0%

Housing Supply in Chambersburg Township, NC

How many homes are available in Chambersburg Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
97106+9.3%

Summary: The Chambersburg Township real estate market had 106 homes for sale in May 2024, a 9.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 5659
+5.4%
4 2125
+19.0%
5+ 1316
+23.1%

Summary: The Chambersburg 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 decreased by 14.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 23.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1628+75.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chambersburg Township, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Chambersburg Township in May 2024, up by 75.0% month-over-month. Of the 28 sold homes, 46% were sold under asking, 43% were sold at asking, and 11% were sold over asking.

Days on Market for Chambersburg Township, NC

How long does it take to sell a home in Chambersburg Township, NC?

Average Sale Time

May 2023May 2024CHANGE
56 Days45 Days-20.9%

Summary: Homes in Chambersburg Township had an average of 45 days on market in May 2024, down by 20.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chambersburg Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 28 homes were sold in Chambersburg Township; 46% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Chambersburg Township, NC

Nearby Markets to Chambersburg Township, NC

What housing markets are near Chambersburg Township, NC?