Is Narvon, 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, Narvon has remained a Seller's Market.
Key Takeaway
Narvon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Narvon, PA
How much do homes in Narvon, PA cost?
Median Sold Price
$427,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Narvon have sold for 21.3% more than they did a year ago.
Summary: The median home sold price in Narvon was $427,500 in May 2024, up 21.3% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $385K | +45.3% |
| 3 Bedrooms | $322.5K | $369.9K | +14.7% |
| 4 Bedrooms | $432.5K | $450K | +4.0% |
| 5+ Bedrooms | $540K | $632K | +17.0% |
Summary: Narvon 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 45.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Brecknock Township | $271K | $375K | +38.4% |
| Narvon | $352.5K | $427.5K | +21.3% |
Housing Supply in Narvon, PA
How many homes are available in Narvon, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Narvon real estate market had 7 homes for sale in May 2024, a 22.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Narvon 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Narvon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Narvon in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Narvon, PA
How long does it take to sell a home in Narvon, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 57 Days | +49.4% |
Summary: Homes in Narvon had an average of 57 days on market in May 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Narvon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Narvon; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
