$3,781 Closing Credit*
$318,400
1,860 SqFt
4 Beds
•3 Full Baths
Robert O Merritt, Listing Office: Gold Keys Real Estate Specialists
Is Fern Rock, 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, Fern Rock has remained a Seller's Market.
Key Takeaway
Fern Rock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fern Rock, PA
How much do homes in Fern Rock, PA cost?
Median Sold Price
$187,250
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,250(+1.2%)
Key Takeaway
Homes in Fern Rock have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Fern Rock was $187,250 in October 2024, up 1.2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $176.9K | $182K | +2.9% |
| 4 Bedrooms | $185K | $171.1K | -7.5% |
| 5+ Bedrooms | $285K | $325K | +14.0% |
Summary: Fern Rock 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 did not change, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Neighborhoods
| Ogontz | $160K | $176.5K | +10.3% |
| Olney / Oak Lane | $185K | $200K | +8.1% |
| Logan | $130K | $137.5K | +5.8% |
| Fern Rock | $185K | $187.2K | +1.2% |
Housing Supply in Fern Rock, PA
How many homes are available in Fern Rock, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Fern Rock real estate market had 20 homes for sale in October 2024, a 9.1% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Fern Rock 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 decreased by 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fern Rock, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Fern Rock in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Fern Rock, PA
How long does it take to sell a home in Fern Rock, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 14 Days | -81.2% |
Summary: Homes in Fern Rock had an average of 14 days on market in Oct 2024, down by 81.2% compared to last year.
Breakdown of Home Sale Times
5 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 Fern Rock are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Fern Rock; 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.
