Is Shippensburg, 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, Shippensburg has remained a Seller's Market.
Key Takeaway
Shippensburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shippensburg, PA
How much do homes in Shippensburg, PA cost?
Median Sold Price
$260,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shippensburg have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Shippensburg was $260,000 in May 2024, up 8.4% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $180K | -5.3% |
| 3 Bedrooms | $244K | $258K | +5.7% |
| 4 Bedrooms | $240.5K | $352.4K | +46.5% |
| 5+ Bedrooms | $299.9K | $299K | -0.3% |
Summary: Shippensburg 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 decreased by 5.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 46.5%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Southampton Township | $411K | $470K | +14.4% |
| Shippensburg | $239.9K | $260K | +8.4% |
| Shippensburg Township | $240K | $260K | +8.3% |
| Southampton Township | $410.5K | $433.1K | +5.5% |
Housing Supply in Shippensburg, PA
How many homes are available in Shippensburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 70 | 0.0% |
Summary: The Shippensburg real estate market had 70 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 43 | 44 | +2.3% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Shippensburg 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 33.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shippensburg, expect to pay close to the asking price. 69.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Shippensburg in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 15% were sold under asking, 69% were sold at asking, and 15% were sold over asking.
Days on Market for Shippensburg, PA
How long does it take to sell a home in Shippensburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 48 Days | +2.6% |
Summary: Homes in Shippensburg had an average of 48 days on market in May 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shippensburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Shippensburg; 69% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
