Is Pen Argyl, 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, Pen Argyl has remained a Seller's Market.
Key Takeaway
Pen Argyl is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pen Argyl, PA
How much do homes in Pen Argyl, PA cost?
Median Sold Price
$237,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pen Argyl have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Pen Argyl was $237,500 in May 2024, up 10.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.5K | $180K | +4.3% |
| 3 Bedrooms | $208K | $210.5K | +1.2% |
| 4 Bedrooms | $306K | $350K | +14.4% |
| 5+ Bedrooms | $357.4K | $463K | +29.5% |
Summary: Pen Argyl 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 4.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Pen Argyl | $215K | $237.5K | +10.5% |
| Plainfield Township | $289.9K | $305K | +5.2% |
Housing Supply in Pen Argyl, PA
How many homes are available in Pen Argyl, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 9 | -50.0% |
Summary: The Pen Argyl real estate market had 9 homes for sale in May 2024, a 50.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Pen Argyl 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pen Argyl, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Pen Argyl in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Pen Argyl, PA
How long does it take to sell a home in Pen Argyl, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 15 Days | +81.0% |
Summary: Homes in Pen Argyl had an average of 15 days on market in May 2024, up by 81% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pen Argyl are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Pen Argyl; 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.
