Is Annville Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Annville Township has remained a Seller's Market.
Key Takeaway
Annville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Annville Township, PA
How much do homes in Annville Township, PA cost?
Median Sold Price
$340,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Annville Township have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Annville Township was $340,000 in May 2024, up 7.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $184K | N/A |
| 2 Bedrooms | $214.9K | $227.5K | +5.9% |
| 3 Bedrooms | $290K | $295K | +1.7% |
| 4 Bedrooms | $486K | $502K | +3.3% |
| 5+ Bedrooms | $430K | $269K | -37.4% |
Summary: Annville 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 5.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 37.4%.
Median Sold Price Compared To Nearby Cities
| Annville Township | $315K | $340K | +7.9% |
| Annville | $315K | $340K | +7.9% |
| South Annville Township | $340.9K | $340K | -0.3% |
| North Cornwall Township | $300K | $280.9K | -6.4% |
Housing Supply in Annville Township, PA
How many homes are available in Annville Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Summary: The Annville Township real estate market had 38 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Annville 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 increased by 75%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Annville Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Annville Township in May 2024, up by 16.7% 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 Annville Township, PA
How long does it take to sell a home in Annville Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 125 Days | +1590.6% |
Summary: Homes in Annville Township had an average of 125 days on market in May 2024, up by 1590.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Annville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Annville Township; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
