Is Ephrata 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, Ephrata Township has remained a Seller's Market.
Housing Prices in Ephrata Township, PA
How much do homes in Ephrata Township, PA cost?
Median Sold Price
$320,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ephrata Township was $320,000 in May 2024, up 9.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $245K | $281.5K | +14.9% |
3 Bedrooms | $279.9K | $299.9K | +7.1% |
4 Bedrooms | $345K | $389.9K | +13.0% |
5+ Bedrooms | $399.9K | $460K | +15.0% |
Summary: Ephrata 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 14.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Ephrata | $275K | $321K | +16.7% |
Stevens | $295K | $325K | +10.2% |
Ephrata Township | $292.4K | $320K | +9.4% |
West Earl Township | $334K | $348.8K | +4.5% |
Housing Supply in Ephrata Township, PA
How many homes are available in Ephrata Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 69 | -2.8% |
Summary: The Ephrata Township real estate market had 69 homes for sale in May 2024, a 2.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Ephrata Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Ephrata Township in May 2024, the same as the previous month. Of the 19 sold homes, 5% were sold under asking, 32% were sold at asking, and 63% were sold over asking.
Days on Market for Ephrata Township, PA
How long does it take to sell a home in Ephrata Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -15.3% |
Summary: Homes in Ephrata Township had an average of 14 days on market in May 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Ephrata Township; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.