Is Ross 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, Ross Township has remained a Seller's Market.
Housing Prices in Ross Township, PA
How much do homes in Ross Township, PA cost?
Median Sold Price
$270,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ross Township was $270,500 in May 2024, up 7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.3K | $111K | +5.4% |
2 Bedrooms | $205K | $212.5K | +3.7% |
3 Bedrooms | $255K | $270K | +5.9% |
4 Bedrooms | $346.5K | $382K | +10.2% |
5+ Bedrooms | $385K | $545K | +41.6% |
Summary: Ross Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 41.6%.
Median Sold Price Compared To Nearby Cities
Bellevue | $210K | $230K | +9.5% |
Ross Township | $252.8K | $270.5K | +7.0% |
Reserve Township | $212.5K | $225K | +5.9% |
West View | $210K | $219.9K | +4.7% |
Shaler Township | $259.6K | $265K | +2.1% |
Housing Supply in Ross Township, PA
How many homes are available in Ross Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 122 | +23.2% |
Summary: The Ross Township real estate market had 122 homes for sale in May 2024, a 23.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 9 | 16 | +77.8% |
3 Bedrooms | 61 | 69 | +13.1% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Ross Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 44 | +83.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Ross Township in May 2024, up by 83.3% month-over-month. Of the 44 sold homes, 32% were sold under asking, 20% were sold at asking, and 48% were sold over asking.
Days on Market for Ross Township, PA
How long does it take to sell a home in Ross Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 35 Days | +58.1% |
Summary: Homes in Ross Township had an average of 35 days on market in May 2024, up by 58.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Ross Township; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.