Is Steelton, 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, Steelton has remained a Seller's Market.
Key Takeaway
Steelton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Steelton, PA
How much do homes in Steelton, PA cost?
Median Sold Price
$142,500
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Steelton have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Steelton was $142,500 in May 2024, up 13.5% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $92.5K | $112K | +21.1% |
| 3 Bedrooms | $128K | $145K | +13.3% |
| 4 Bedrooms | $127.4K | $164K | +28.7% |
| 5+ Bedrooms | $120K | $125.9K | +4.9% |
Summary: Steelton 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 21.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Steelton | $125.5K | $142.5K | +13.5% |
| New Cumberland | $249.9K | $265K | +6.0% |
| Lower Swatara Township | $219K | $231.5K | +5.7% |
| Swatara Township | $234.5K | $235K | 0.2% |
Housing Supply in Steelton, PA
How many homes are available in Steelton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 42 | -6.7% |
Summary: The Steelton real estate market had 42 homes for sale in May 2024, a 6.7% decrease 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Steelton 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 28.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Steelton, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Steelton in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.
Days on Market for Steelton, PA
How long does it take to sell a home in Steelton, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 37 Days | +191.7% |
Summary: Homes in Steelton had an average of 37 days on market in May 2024, up by 191.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Steelton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Steelton; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
