Is Myerstown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Myerstown was a Neutral Market.
Key Takeaway
Myerstown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Myerstown, PA
How much do homes in Myerstown, PA cost?
Median Sold Price
$264,950
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Myerstown have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Myerstown was $264,950 in May 2024, up 16.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $166K | $220K | +32.5% |
| 3 Bedrooms | $224K | $246K | +9.8% |
| 4 Bedrooms | $360K | $340.5K | -5.4% |
| 5+ Bedrooms | $368.2K | $267.5K | -27.4% |
Summary: Myerstown 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 32.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 27.4%.
Median Sold Price Compared To Nearby Cities
| Myerstown | $227K | $264.9K | +16.7% |
| Jackson Township | $240K | $267.5K | +11.5% |
Housing Supply in Myerstown, PA
How many homes are available in Myerstown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Summary: The Myerstown real estate market had 40 homes for sale in May 2024, a 2.4% decrease 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Myerstown 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 remained the same, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myerstown, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Myerstown in May 2024, down by 70.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Myerstown, PA
How long does it take to sell a home in Myerstown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 7 Days | -85.5% |
Summary: Homes in Myerstown had an average of 7 days on market in May 2024, down by 85.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Myerstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Myerstown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
