Is Ephrata, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ephrata was a Neutral Market.
Housing Prices in Ephrata, PA
How much do homes in Ephrata, PA cost?
Median Sold Price
$317,389
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ephrata was $317,389 in April 2024, up 17.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $226.5K | $278K | +22.7% |
3 Bedrooms | $269.5K | $299.9K | +11.3% |
4 Bedrooms | $334.9K | $399.9K | +19.4% |
5+ Bedrooms | $352K | $465K | +32.1% |
Summary: Ephrata 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 22.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 32.1%.
Median Sold Price Compared To Nearby Cities
Ephrata | $270K | $317.3K | +17.6% |
Ephrata Township | $285K | $316.6K | +11.1% |
Akron | $305K | $337.5K | +10.7% |
Housing Supply in Ephrata, PA
How many homes are available in Ephrata, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 62 | +6.9% |
Summary: The Ephrata real estate market had 62 homes for sale in April 2024, a 6.9% increase 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 | 10 | 9 | -10.0% |
3 Bedrooms | 28 | 30 | +7.1% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Ephrata 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 10%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Ephrata in April 2024, up by 17.6% month-over-month. Of the 20 sold homes, 5% were sold under asking, 50% were sold at asking, and 45% were sold over asking.
Days on Market for Ephrata, PA
How long does it take to sell a home in Ephrata, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 14 Days | -65.1% |
Summary: Homes in Ephrata had an average of 14 days on market in Apr 2024, down by 65.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Ephrata; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.