Is Confluence, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Confluence is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Confluence was a Buyer's Market.

Key Takeaway

Confluence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Confluence, PA

How much do homes in Confluence, PA cost?

Median Sold Price

$298,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$141,750(+90.7%)

Key Takeaway

Homes in Confluence have sold for 90.7% more than they did a year ago.

Summary: The median home sold price in Confluence was $298,000 in November 2024, up 90.7% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110.2K$50.5K
-54.2%
2 $144.7K$340K
+134.9%
3 $219.9K$298K
+35.5%
4 $560K$217.5K
-61.2%
5+ $410K-
N/A

Summary: Confluence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.2%, 2 bedroom homes increased by 134.9%, 3 bedroom homes increased by 35.5%, 4 bedroom homes decreased by 61.2%, and 5+ bedroom homes did not change.

Housing Supply in Confluence, PA

How many homes are available in Confluence, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1819+5.6%

Summary: The Confluence real estate market had 19 homes for sale in November 2024, a 5.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1516
+6.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Confluence housing inventory by bedroom type for November 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 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Confluence, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Confluence in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Confluence, PA

How long does it take to sell a home in Confluence, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days23 Days-44.8%

Summary: Homes in Confluence had an average of 23 days on market in Nov 2024, down by 44.8% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Confluence are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Confluence; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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