Is Chippewa 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, Chippewa Township has remained a Seller's Market.
Housing Prices in Chippewa Township, PA
How much do homes in Chippewa Township, PA cost?
Median Sold Price
$273,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chippewa Township was $273,000 in May 2024, up 6.4% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $50K | N/A |
2 Bedrooms | $203K | $220.5K | +8.6% |
3 Bedrooms | $268K | $271.8K | +1.4% |
4 Bedrooms | $382.5K | $335K | -12.4% |
5+ Bedrooms | - | $335K | N/A |
Summary: Chippewa Township 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 8.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Patterson Township | $165K | $180K | +9.1% |
Chippewa Township | $256.5K | $273K | +6.4% |
Housing Supply in Chippewa Township, PA
How many homes are available in Chippewa Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 43 | +26.5% |
Summary: The Chippewa Township real estate market had 43 homes for sale in May 2024, a 26.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Chippewa Township 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 20%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Chippewa Township in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Chippewa Township, PA
How long does it take to sell a home in Chippewa Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 42 Days | -13.2% |
Summary: Homes in Chippewa Township had an average of 42 days on market in May 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Chippewa Township; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.