Is Mount Carmel 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, Mount Carmel Township has remained a Seller's Market.
Key Takeaway
Mount Carmel Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Carmel Township, PA
How much do homes in Mount Carmel Township, PA cost?
Median Sold Price
$48,500
$42/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mount Carmel Township have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Mount Carmel Township was $48,500 in May 2024, up 5.4% from last year, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $21K | $15K | -28.6% |
| 2 Bedrooms | $36.5K | $38K | +4.1% |
| 3 Bedrooms | $48.5K | $46K | -5.2% |
| 4 Bedrooms | $49K | $69K | +40.8% |
| 5+ Bedrooms | $73.5K | $72K | -2.0% |
Summary: Mount Carmel Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Mount Carmel Township | $46K | $48.5K | +5.4% |
| Mount Carmel | $45K | $47.2K | +5.0% |
Housing Supply in Mount Carmel Township, PA
How many homes are available in Mount Carmel Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Mount Carmel Township real estate market had 34 homes for sale in May 2024, a 8.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 12 | +71.4% |
| 3 Bedrooms | 18 | 12 | -33.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mount Carmel Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 71.4%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Carmel Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mount Carmel Township in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Mount Carmel Township, PA
How long does it take to sell a home in Mount Carmel Township, PA?
Breakdown of Home Sale Times
2 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 Mount Carmel Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Mount Carmel Township; 33% 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.
