Is Penn Township, 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, Penn Township has remained a Seller's Market.
Housing Prices in Penn Township, PA
How much do homes in Penn Township, PA cost?
Median Sold Price
$285,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Penn Township was $285,000 in May 2024, down 4.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85.5K | N/A |
2 Bedrooms | $108.6K | $190K | +75.0% |
3 Bedrooms | $284.5K | $254.5K | -10.5% |
4 Bedrooms | $380K | $380K | 0.0% |
5+ Bedrooms | $531K | $659.9K | +24.3% |
Summary: Penn Township 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 75%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 24.3%.
Median Sold Price Compared To Nearby Cities
Manor | $239.9K | $234K | -2.5% |
Penn Township | $299K | $285K | -4.7% |
Harrison City | $363.8K | $242.9K | -33.2% |
Housing Supply in Penn Township, PA
How many homes are available in Penn Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 76 | +40.7% |
Summary: The Penn Township real estate market had 76 homes for sale in May 2024, a 40.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 24 | 36 | +50.0% |
4 Bedrooms | 20 | 27 | +35.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Penn Township 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Penn Township in May 2024, up by 100.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Penn Township, PA
How long does it take to sell a home in Penn Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 24 Days | +33.6% |
Summary: Homes in Penn Township had an average of 24 days on market in May 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Penn Township; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.