Is Ontelaunee Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ontelaunee Township has remained a Seller's Market.
Key Takeaway
Ontelaunee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ontelaunee Township, PA
How much do homes in Ontelaunee Township, PA cost?
Median Sold Price
$359,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ontelaunee Township have sold for 8% more than they did a year ago.
Summary: The median home sold price in Ontelaunee Township was $359,900 in April 2024, up 8% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $186.2K | $205K | +10.1% |
| 3 Bedrooms | $326.6K | $353.8K | +8.3% |
| 4 Bedrooms | $412.4K | $390K | -5.4% |
| 5+ Bedrooms | $300K | $381K | +27.0% |
Summary: Ontelaunee Township 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 10.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| Leesport | $222.7K | $351.3K | +57.7% |
| Centre Township | $272.5K | $350K | +28.4% |
| Muhlenberg Township | $245K | $285K | +16.3% |
| Ontelaunee Township | $333.3K | $359.9K | +8.0% |
| Maidencreek Township | $330K | $322.5K | -2.3% |
Housing Supply in Ontelaunee Township, PA
How many homes are available in Ontelaunee Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Ontelaunee Township real estate market had 11 homes for sale in April 2024, a 15.4% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ontelaunee Township 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 remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ontelaunee Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Ontelaunee Township in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Ontelaunee Township, PA
How long does it take to sell a home in Ontelaunee Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 126 Days | +82.0% |
Summary: Homes in Ontelaunee Township had an average of 126 days on market in Apr 2024, up by 82% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ontelaunee Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Ontelaunee Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
