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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Farmington Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Farmington Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Farmington Township, PA

How much do homes in Farmington Township, PA cost?

Median Sold Price

$215,000

$308/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$115,000(-34.8%)

Key Takeaway

Homes in Farmington Township have sold for 34.8% less than they did a month ago.

Summary: The median home sold price in Farmington Township was $215,000 in November 2024, down 34.8% from last month, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$215K
N/A
2 --
N/A
3 --
N/A
4 $235K-
N/A
5+ $425K-
N/A

Summary: Farmington Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pine Grove Township
+26.7%
Farmington Township
-34.8%

Housing Supply in Farmington Township, PA

How many homes are available in Farmington Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
880.0%

Summary: The Farmington Township real estate market had 8 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 22
0.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Farmington Township 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

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 Farmington 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 Farmington Township in November 2024, down by 50.0% 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 Farmington Township, PA

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Farmington 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.

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

Report Updated 17 Days Ago

Newest Listings in Farmington Township, PA

Nearby Markets to Farmington Township, PA

What housing markets are near Farmington Township, PA?