$2,684 Closing Credit*
$226,000
1,596 SqFt
3 Beds
•2 Full Baths
Ryan Yamini, Listing Office: Hunt Real Estate ERA
Is Pennellville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pennellville has remained a Seller's Market.
Key Takeaway
Pennellville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pennellville, NY
How much do homes in Pennellville, NY cost?
Median Sold Price
$235,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+6.8%)
Key Takeaway
Homes in Pennellville have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Pennellville was $235,000 in October 2024, up 6.8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | - | N/A |
| 2 Bedrooms | $170K | $200K | +17.6% |
| 3 Bedrooms | $220K | $233.6K | +6.2% |
| 4 Bedrooms | $287K | $555K | +93.4% |
| 5+ Bedrooms | $332.5K | - | N/A |
Summary: Pennellville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 93.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Schroeppel | $212K | $240K | +13.2% |
| Hastings | $231.3K | $255K | +10.2% |
| Pennellville | $220K | $235K | +6.8% |
| Clay | $239.6K | $255K | +6.4% |
| Brewerton | $271.7K | $275K | +1.2% |
Housing Supply in Pennellville, NY
How many homes are available in Pennellville, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Pennellville real estate market had 6 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pennellville housing inventory by bedroom type for October 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 increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pennellville, 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 Pennellville in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Pennellville, NY
How long does it take to sell a home in Pennellville, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 12 Days | +105.6% |
Summary: Homes in Pennellville had an average of 12 days on market in Oct 2024, up by 105.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pennellville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Pennellville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
