Is Douglass 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, Douglass Township has remained a Seller's Market.
Key Takeaway
Douglass Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Douglass Township, PA
How much do homes in Douglass Township, PA cost?
Median Sold Price
$375,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Douglass Township have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Douglass Township was $375,000 in May 2024, down 2.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210.5K | $315K | +49.6% |
| 3 Bedrooms | $359K | $345K | -3.9% |
| 4 Bedrooms | $410K | $415K | +1.2% |
| 5+ Bedrooms | $530K | $610K | +15.1% |
Summary: Douglass 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 49.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Colebrookdale Township | $265K | $286K | +7.9% |
| Boyertown | $272.4K | $284.9K | +4.6% |
| Gilbertsville | $422.9K | $418.5K | -1.1% |
| Douglass Township | $385K | $375K | -2.6% |
Housing Supply in Douglass Township, PA
How many homes are available in Douglass Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Douglass Township real estate market had 48 homes for sale in May 2024, a 9.1% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Douglass 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 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglass Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Douglass Township in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Douglass Township, PA
How long does it take to sell a home in Douglass Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 11 Days | -70.6% |
Summary: Homes in Douglass Township had an average of 11 days on market in May 2024, down by 70.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Douglass Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Douglass Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
