Harrisburg area homes selling faster and at higher prices

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The Harrisburg, Pa., area real estate market has come a long way since it was shut down completely by Gov. Tom Wolf due to COVID-19 back in March and reopened slowly in April and May.

In fact, the numbers in August were better than the previous August and in August 2018 for the Greater Harrisburg Association of Realtors' coverage area, which includes Dauphin, Cumberland and Perry counties. More houses are selling and the houses are selling at a faster rate and for more money.

The Greater Harrisburg Association of Realtors released the numbers on Friday based on statistics from Bright MLS.

There were 845 units sold in those three counties in August at an average price of $244,186, and the average house was on the market for 36 days.

In August 2019 there were 783 units sold in the same three counties at an average price of $219,713, and the average house was on the market for 42 days.

And in August 2018, there were 798 units sold in the same three counties at an average price of $213,394 and the average house was on the market for 36 days.

And more higher-end houses are selling. In August there were 106 units sold in the same three counties at more than $400,000 at an average price of $517,555. That's about $9,000 more on average than houses in 2018 and 2019. However, there were only 68 units in that price range in August 2018 and 61 in August 2019.

In Cumberland County, the median sold price for detached properties for August was $271,950, representing an increase of 4.6% compared to July and an increase of 12% compared to August 2019. The average days on market for units sold in August was 31 days, 33% below the five-year August average of 46 days. The median sold price for attached properties for August was $183,950.

In Dauphin County, the median sold price for detached properties for August was $225,000, representing an increase of 5.1% compared to July and an increase of 7.1% compared to August of 2019. The average days on market for units sold in August was 43 days, 15% below the five-year August average of 51 days. The median sold price for attached properties for August was $158,950.

In Perry County, the median sold price for detached properties for August was $175,000, representing a decrease of 3.7% compared to July and an increase of 13.8% compared to August 2019. The average days on market for units sold in August was 32 days, 45% below the five-year August average of 59 days. The median sold price for attached properties for August was $131,400.

Tribune Content Agency
Housing market Purchase Home prices Real estate Pennsylvania
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