Is Mount Penn, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mount Penn was a Neutral Market.
Housing Prices in Mount Penn, PA
How much do homes in Mount Penn, PA cost?
Median Sold Price
$185,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Penn was $185,500 in April 2024, up 5.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $135K | $141.5K | +4.8% |
3 Bedrooms | $163.4K | $183K | +12.0% |
4 Bedrooms | $258.5K | $227.5K | -12.0% |
5+ Bedrooms | $197.4K | $278K | +40.8% |
Summary: Mount Penn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 40.8%.
Median Sold Price Compared To Nearby Cities
Reading | $172.4K | $235.6K | +36.7% |
Lower Alsace Township | $215K | $242K | +12.6% |
Exeter Township | $279.5K | $305K | +9.1% |
Mount Penn | $175.9K | $185.5K | +5.4% |
Housing Supply in Mount Penn, PA
How many homes are available in Mount Penn, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Summary: The Mount Penn real estate market had 19 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Penn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mount Penn in April 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Mount Penn, PA
How long does it take to sell a home in Mount Penn, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 20 Days | +85.5% |
Summary: Homes in Mount Penn had an average of 20 days on market in Apr 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Mount Penn; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.