Is Upper Allen 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, Upper Allen Township has remained a Seller's Market.
Key Takeaway
Upper Allen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Allen Township, PA
How much do homes in Upper Allen Township, PA cost?
Median Sold Price
$343,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Allen Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Upper Allen Township was $343,500 in May 2024, up 5.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133K | $148K | +11.3% |
| 2 Bedrooms | $193K | $235K | +21.8% |
| 3 Bedrooms | $306.8K | $320K | +4.3% |
| 4 Bedrooms | $502.5K | $517.2K | +2.9% |
| 5+ Bedrooms | $755K | $756.5K | 0.2% |
Summary: Upper Allen Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Mechanicsburg | $332.3K | $360.4K | +8.5% |
| Upper Allen Township | $325K | $343.5K | +5.7% |
| Lower Allen Township | $255K | $268K | +5.1% |
| Monaghan Township | $332.2K | $322.5K | -2.9% |
Housing Supply in Upper Allen Township, PA
How many homes are available in Upper Allen Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 80 | +6.7% |
Summary: The Upper Allen Township real estate market had 80 homes for sale in May 2024, a 6.7% increase 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 | 13 | 10 | -23.1% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 27 | 30 | +11.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Upper Allen 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 decreased by 23.1%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Allen Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Upper Allen Township in May 2024, up by 29.4% month-over-month. Of the 22 sold homes, 14% were sold under asking, 23% were sold at asking, and 64% were sold over asking.
Days on Market for Upper Allen Township, PA
How long does it take to sell a home in Upper Allen Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 24 Days | -37.4% |
Summary: Homes in Upper Allen Township had an average of 24 days on market in May 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Allen Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Upper Allen Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
