Is Gilbertsville, 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, Gilbertsville has remained a Seller's Market.
Key Takeaway
Gilbertsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gilbertsville, PA
How much do homes in Gilbertsville, PA cost?
Median Sold Price
$418,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gilbertsville have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Gilbertsville was $418,500 in May 2024, down 1.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $241K | $315K | +30.7% |
| 3 Bedrooms | $364.9K | $370.5K | +1.5% |
| 4 Bedrooms | $472.4K | $526K | +11.3% |
| 5+ Bedrooms | $520K | $600K | +15.4% |
Summary: Gilbertsville 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 30.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Gilbertsville | $422.9K | $418.5K | -1.1% |
| New Hanover Township | $447.5K | $441K | -1.5% |
| Douglass Township | $385K | $375K | -2.6% |
Housing Supply in Gilbertsville, PA
How many homes are available in Gilbertsville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 68 | +3.0% |
Summary: The Gilbertsville real estate market had 68 homes for sale in May 2024, a 3.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Gilbertsville 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 13.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gilbertsville, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Gilbertsville in May 2024, up by 45.5% month-over-month. Of the 16 sold homes, 31% were sold under asking, 6% were sold at asking, and 63% were sold over asking.
Days on Market for Gilbertsville, PA
How long does it take to sell a home in Gilbertsville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 19 Days | -44.3% |
Summary: Homes in Gilbertsville had an average of 19 days on market in May 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gilbertsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Gilbertsville; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
