Is Hershey, 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, Hershey has remained a Seller's Market.
Key Takeaway
Hershey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hershey, PA
How much do homes in Hershey, PA cost?
Median Sold Price
$375,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hershey have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Hershey was $375,000 in May 2024, down 2.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $279.9K | $275K | -1.8% |
| 3 Bedrooms | $330K | $350K | +6.1% |
| 4 Bedrooms | $445K | $487.5K | +9.6% |
| 5+ Bedrooms | $692K | $475K | -31.4% |
Summary: Hershey 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 decreased by 1.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 31.4%.
Median Sold Price Compared To Nearby Cities
| Palmyra | $276K | $316K | +14.5% |
| North Londonderry Township | $339K | $386.5K | +14.0% |
| Derry Township | $330K | $340K | +3.0% |
| Hershey | $386K | $375K | -2.8% |
Housing Supply in Hershey, PA
How many homes are available in Hershey, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 50 | +19.0% |
Summary: The Hershey real estate market had 50 homes for sale in May 2024, a 19.0% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Hershey 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 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hershey, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Hershey in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% were sold over asking.
Days on Market for Hershey, PA
How long does it take to sell a home in Hershey, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 14 Days | -52.2% |
Summary: Homes in Hershey had an average of 14 days on market in May 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hershey are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Hershey; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
