Is Ross 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, Ross Township has remained a Seller's Market.
Key Takeaway
Ross Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ross Township, PA
How much do homes in Ross Township, PA cost?
Median Sold Price
$270,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ross Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Ross Township was $270,500 in May 2024, up 7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105.3K | $111K | +5.4% |
| 2 Bedrooms | $205K | $212.5K | +3.7% |
| 3 Bedrooms | $255K | $270K | +5.9% |
| 4 Bedrooms | $346.5K | $382K | +10.2% |
| 5+ Bedrooms | $385K | $545K | +41.6% |
Summary: Ross Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 41.6%.
Median Sold Price Compared To Nearby Cities
| Bellevue | $210K | $230K | +9.5% |
| Ross Township | $252.8K | $270.5K | +7.0% |
| Reserve Township | $212.5K | $225K | +5.9% |
| West View | $210K | $219.9K | +4.7% |
| Shaler Township | $259.6K | $265K | +2.1% |
Housing Supply in Ross Township, PA
How many homes are available in Ross Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 | 122 | +23.2% |
Summary: The Ross Township real estate market had 122 homes for sale in May 2024, a 23.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 9 | 16 | +77.8% |
| 3 Bedrooms | 61 | 69 | +13.1% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Ross Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 44 | +83.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ross Township, you could pay more than the asking price. 47.7% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Ross Township in May 2024, up by 83.3% month-over-month. Of the 44 sold homes, 32% were sold under asking, 20% were sold at asking, and 48% were sold over asking.
Days on Market for Ross Township, PA
How long does it take to sell a home in Ross Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +58.1% |
Summary: Homes in Ross Township had an average of 35 days on market in May 2024, up by 58.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ross Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 44 homes were sold in Ross Township; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
