Is Monaghan 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, Monaghan Township has remained a Seller's Market.
Key Takeaway
Monaghan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monaghan Township, PA
How much do homes in Monaghan Township, PA cost?
Median Sold Price
$322,500
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monaghan Township have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Monaghan Township was $322,500 in May 2024, down 2.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | - | N/A |
| 3 Bedrooms | $294K | $290K | -1.4% |
| 4 Bedrooms | $507.5K | $268K | -47.2% |
| 5+ Bedrooms | $665K | $420K | -36.8% |
Summary: Monaghan 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 did not change, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 47.2%, and 5+ bedroom homes decreased by 36.8%.
Median Sold Price Compared To Nearby Cities
| Warrington Township | $465K | $523K | +12.5% |
| Upper Allen Township | $325K | $343.5K | +5.7% |
| Fairview Township | $315K | $318.5K | +1.1% |
| Monaghan Township | $332.2K | $322.5K | -2.9% |
Housing Supply in Monaghan Township, PA
How many homes are available in Monaghan Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Monaghan Township real estate market had 5 homes for sale in May 2024, the same as 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 | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Monaghan 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monaghan Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Monaghan Township in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Monaghan Township, PA
How long does it take to sell a home in Monaghan Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 6 Days | +20.0% |
Summary: Homes in Monaghan Township had an average of 6 days on market in May 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monaghan Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Monaghan Township; 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.
