Is Rapho 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, Rapho Township has remained a Seller's Market.
Housing Prices in Rapho Township, PA
How much do homes in Rapho Township, PA cost?
Median Sold Price
$378,450
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rapho Township was $378,450 in May 2024, up 7.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.5K | $100.5K | +28.0% |
2 Bedrooms | $310K | $343.5K | +10.8% |
3 Bedrooms | $355K | $375K | +5.6% |
4 Bedrooms | $405.4K | $463.5K | +14.3% |
5+ Bedrooms | $649K | $390K | -39.9% |
Summary: Rapho Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 39.9%.
Median Sold Price Compared To Nearby Cities
Mount Joy | $295K | $345K | +16.9% |
Mount Joy Township | $300K | $340K | +13.3% |
Penn Township | $307.9K | $340K | +10.4% |
Rapho Township | $352.5K | $378.4K | +7.4% |
Manheim | $292.6K | $311.5K | +6.5% |
Housing Supply in Rapho Township, PA
How many homes are available in Rapho Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 14 | -30.0% |
Summary: The Rapho Township real estate market had 14 homes for sale in May 2024, a 30.0% decrease 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 | 5 | 3 | -40.0% |
3 Bedrooms | 11 | 4 | -63.6% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rapho 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 40%, 3 bedroom homes decreased by 63.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Rapho Township in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Rapho Township, PA
How long does it take to sell a home in Rapho Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 140 Days | +621.9% |
Summary: Homes in Rapho Township had an average of 140 days on market in May 2024, up by 621.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Rapho Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.