Skip to main content

Cumberland County, Pennsylvania – May 2025 Real Estate Snapshot

 Market Status:

Cumberland remains a strong seller’s market with only 2.02 months of inventory, up 3.1% from the previous month. Homes are moving quickly, with a median of just 7 days on the market.

🏠 Price & Value Trends

  • Median Sold Price: $357,100 (⬆ 5.0% MoM)

  • Median Estimated Property Value: $345,460 (⬆ 1.1% MoM | ⬆ 4.6% YoY)

  • Median List Price (New Listings): $359,950 (⬆ 4.0% MoM)

  • Median List Price (Active Listings): $498,800 (⬆ 0.3% MoM)

  • Median $/Sqft (Active): $199

🔑 Market Activity Overview

  • New Listings: 282 properties (⬆ 9.7% MoM)

  • Active Listings: 356 properties (⬆ 4.7% MoM)

  • New Pending Listings: 227 properties (⬆ 11.3% MoM)

  • Total Pending Listings: 298 properties (⬆ 13.3% MoM)

  • Sold Listings: 192 properties (⬆ 16.4% MoM)

📈 Sales Metrics

  • Sold-to-List Price Ratio: 101.2% (⬆ 1.5% MoM)

  • Median $/Sqft (Sold Listings): $179 (⬆ 3.8% MoM)

  • Median Living Area (Sold): 2,057 sqft

  • Total Sales Volume: $75.8M (⬆ 16.6% MoM)

🧠 Investor Insights

  • Strong appreciation: Prices continue to rise, signaling robust demand and opportunity for equity growth.

  • Quick sales: Median days on market at just 7 shows how competitive the area is for buyers.

  • Above-list sales: Properties are consistently selling above asking, reflecting aggressive buyer activity.

  • Solid mix of inventory: While prices are climbing, there’s still moderate inventory growth offering options for investors.

Comments

Post a Comment

Popular posts from this blog

Understanding Property Tax Disbursement From Escrow: What Every Homeowner Should Know

  By Katelyn Mayer, Realtor If you’re a homeowner—or thinking about becoming one—understanding how property taxes are paid can save you stress and help you manage your budget better. One of the most common questions I get from clients is: “How does my lender pay my property taxes, and what is this escrow thing all about?” Let’s break it down. What Is an Escrow Account? When you buy a home with a mortgage, your lender often requires an escrow account. This is basically a special savings account that holds money collected each month from you to pay for certain expenses—most commonly, property taxes and homeowners insurance. Instead of paying your tax bill in one lump sum once or twice a year, your lender collects a bit every month and pays the taxing authority on your behalf. This system can make budgeting easier, so you don’t have to worry about coming up with thousands of dollars all at once. How Does It Work? Let’s say your annual property tax bill is $6,000. Your lender wi...
Post a Comment
Read more

Selling Maryland Property as a Non-Resident: What You Need to Know About Taxes and Withholding

When non-residents sell real estate in Maryland, whether it’s a rental, vacation home, or investment property, the tax implications go beyond federal capital gains. The state has specific withholding rules designed to ensure it collects any state income tax due on profits. Understanding these rules ahead of time can save you headaches and unexpected costs at closing. What Non-Residents Need to Know Maryland requires that non-resident sellers account for taxes on capital gains. Many sellers refer to this as an “exit tax,” but it is actually a withholding requirement . This ensures the state collects any income tax owed on profits from the sale, even if the seller lives out of state. The Withholding Rate For a non-resident individual: 8% of the net proceeds from the sale. For a non-resident entity, such as an LLC or corporation: 8.25% of net proceeds. How Net Proceeds Are Calculated Withholding applies to the net proceeds, meaning the sale price minus mortgages, liens, and ...
Post a Comment
Read more

Rental & Fair Market Overview – Central PA (June 2025)

  Region: South Central PA  Covering: Dauphin, Cumberland, Franklin, Fulton, Adams, York, Lancaster, Berks, and Lebanon Counties Fair Market Rent Overview (HUD 2025 Benchmarks) Unit Size Rent Range Notes Studio $850–$975 Increasing demand in Harrisburg and York City 1BR $975–$1,200 Strong demand across all counties 2BR $1,200–$1,450 Popular for both families and roommates 3BR $1,500–$1,750 Steady turnover, higher cash flow potential 4BR $1,650–$2,000+ Limited inventory = higher rent resilience Highest rents generally appear in Lancaster, Dauphin, and York , while Fulton and Franklin trend lower but offer better cap rate potential. Occupancy & Rental Demand Occupancy across the region : ~95%–97% (above national average) Average days on market : 28–37 days depending on zip code Turnover rate : Steady in LTR; STR varies seasonally Investor Insight: Regional Themes STR Opportunity Zones : Gettysburg, Hershey, Downtown Lancaster, Midtown Harrisburg, and York Cit...
Post a Comment
Read more