Is Connoquenessing Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Connoquenessing Township is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Connoquenessing Township has remained a Buyer's Market.

Key Takeaway

Connoquenessing Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Connoquenessing Township, PA

How much do homes in Connoquenessing Township, PA cost?

Median Sold Price

$380,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+10.1%)

Key Takeaway

Homes in Connoquenessing Township have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Connoquenessing Township was $380,000 in October 2024, up 10.1% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $296K$362.5K
+22.5%
3 $314.9K$366.7K
+16.5%
4 $530K$410K
-22.6%
5+ $442.4K$447.2K
+1.1%

Summary: Connoquenessing Township 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 22.5%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Connoquenessing Township
+10.1%
Butler Township
+6.8%

Housing Supply in Connoquenessing Township, PA

How many homes are available in Connoquenessing Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1312-7.7%

Summary: The Connoquenessing Township real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 97
-22.2%
4 34
+33.3%
5+ 00
0.0%

Summary: The Connoquenessing Township 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 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Connoquenessing Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Connoquenessing Township in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Connoquenessing Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
116 Days116 Days0.0%

Summary: Homes in Connoquenessing Township had an average of 116 days on market in Oct 2024, the same as last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Connoquenessing Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Connoquenessing Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 20 Days Ago

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