Is Annville, 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, Annville has remained a Seller's Market.
Key Takeaway
Annville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Annville, PA
How much do homes in Annville, PA cost?
Median Sold Price
$340,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Annville have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Annville was $340,000 in May 2024, up 7.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $184K | N/A |
| 2 Bedrooms | $214.9K | $265K | +23.3% |
| 3 Bedrooms | $300K | $310K | +3.3% |
| 4 Bedrooms | $486K | $502K | +3.3% |
| 5+ Bedrooms | $457.5K | $269K | -41.2% |
Summary: Annville 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 23.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 41.2%.
Median Sold Price Compared To Nearby Cities
| Palmyra | $276K | $316K | +14.5% |
| North Londonderry Township | $339K | $386.5K | +14.0% |
| Annville | $315K | $340K | +7.9% |
| Annville Township | $315K | $340K | +7.9% |
Housing Supply in Annville, PA
How many homes are available in Annville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The Annville real estate market had 37 homes for sale in May 2024, a 12.1% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Annville 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 increased by 75%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Annville, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Annville in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Annville, PA
How long does it take to sell a home in Annville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 125 Days | +1449.0% |
Summary: Homes in Annville had an average of 125 days on market in May 2024, up by 1449% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Annville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Annville; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
