$10,000 Closing Credit*
$899,000
3,297 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kristen L Obert, Listing Office: Iron Valley Real Estate Northeast
Is East Penn Township, PA 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, East Penn Township has remained a Seller's Market.
Key Takeaway
East Penn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Penn Township, PA
How much do homes in East Penn Township, PA cost?
Median Sold Price
$313,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,500(-0.5%)
Key Takeaway
The sold price of homes in East Penn Township has remained the same since last year.
Summary: The median home sold price in East Penn Township was $313,500 in October 2024, down 0.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | $315K | $130K | -58.7% |
| 3 Bedrooms | $382.5K | $331K | -13.5% |
| 4 Bedrooms | $215K | $207.5K | -3.5% |
| 5+ Bedrooms | - | $710K | N/A |
Summary: East Penn 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 decreased by 58.7%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mahoning Township | $275.4K | $301K | +9.3% |
| Washington Township | $223.4K | $242K | +8.3% |
| East Penn Township | $315K | $313.5K | -0.5% |
| Palmerton | $231K | $220K | -4.8% |
Housing Supply in East Penn Township, PA
How many homes are available in East Penn Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The East Penn Township real estate market had 9 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The East Penn 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 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Penn Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in East Penn Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Penn Township, PA
How long does it take to sell a home in East Penn Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 9 Days | +26.7% |
Summary: Homes in East Penn Township had an average of 9 days on market in Oct 2024, up by 26.7% compared to last year.
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 East Penn Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in East Penn Township; 100% 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.
