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
$318,200
$179/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 $318,200 in May 2024, up 2.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $36K | -82.0% |
2 Bedrooms | $87.5K | $220.7K | +152.3% |
3 Bedrooms | $255K | $264.2K | +3.6% |
4 Bedrooms | $462.5K | $399.9K | -13.5% |
5+ Bedrooms | $505K | $470K | -6.9% |
Summary: Penn Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82%, 2 bedroom homes increased by 152.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
Renfrew | $302K | $395K | +30.8% |
Jefferson Township | $250.5K | $275K | +9.8% |
Penn Township | $310.9K | $318.2K | +2.3% |
Summit Township | $210K | $208K | -1.0% |
Butler Township | $220.1K | $215K | -2.3% |
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 |
---|---|---|
12 | 18 | +50.0% |
Summary: The Penn Township real estate market had 18 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 8 | +300.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 0 | 1 | +100.0% |
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 remained the same, 3 bedroom homes increased by 300%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Penn Township in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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 |
---|---|---|
42 Days | 22 Days | -47.3% |
Summary: Homes in Penn Township had an average of 22 days on market in May 2024, down by 47.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Penn Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.