Is Pennsbury 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, Pennsbury Township has remained a Seller's Market.
Housing Prices in Pennsbury Township, PA
How much do homes in Pennsbury Township, PA cost?
Median Sold Price
$780,592
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pennsbury Township was $780,592 in May 2024, up 10.3% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $476.5K | N/A |
3 Bedrooms | $460K | $540K | +17.4% |
4 Bedrooms | $603.7K | $862.5K | +42.8% |
5+ Bedrooms | $1.1M | $942.5K | -14.3% |
Summary: Pennsbury 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 increased by 17.4%, 4 bedroom homes increased by 42.8%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Cities
Chadds Ford Township | $477.5K | $625K | +30.9% |
Pennsbury Township | $708K | $780.5K | +10.3% |
Chadds Ford | $595.5K | $650K | +9.1% |
Kennett Township | $575K | $575K | 0.0% |
Birmingham Township | $840K | $772.1K | -8.1% |
Housing Supply in Pennsbury Township, PA
How many homes are available in Pennsbury Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Summary: The Pennsbury Township real estate market had 16 homes for sale in May 2024, a 23.1% increase 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 | 0 | 1 | +100.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Pennsbury 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 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Pennsbury Township in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Pennsbury Township, PA
How long does it take to sell a home in Pennsbury Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 33 Days | +842.9% |
Summary: Homes in Pennsbury Township had an average of 33 days on market in May 2024, up by 842.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Pennsbury Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.