Is Mount Penn, 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, Mount Penn has remained a Seller's Market.
Housing Prices in Mount Penn, PA
How much do homes in Mount Penn, PA cost?
Median Sold Price
$185,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Penn was $185,000 in May 2024, up 3.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $135K | $142.5K | +5.6% |
3 Bedrooms | $174.9K | $180.7K | +3.3% |
4 Bedrooms | $235K | $235K | 0.0% |
5+ Bedrooms | $205K | $278K | +35.6% |
Summary: Mount Penn 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 5.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 35.6%.
Median Sold Price Compared To Nearby Cities
Reading | $180K | $239.9K | +33.3% |
Lower Alsace Township | $216.1K | $243K | +12.4% |
Exeter Township | $280.2K | $300K | +7.0% |
Mount Penn | $178K | $185K | +3.9% |
Housing Supply in Mount Penn, PA
How many homes are available in Mount Penn, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Mount Penn real estate market had 20 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Penn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 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 May 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
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 9 Days | +63.3% |
Summary: Homes in Mount Penn had an average of 9 days on market in May 2024, up by 63.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Mount Penn; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.