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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Friedens is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Friedens was a Neutral Market.

Key Takeaway

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

Housing Prices in Friedens, PA

How much do homes in Friedens, PA cost?

Median Sold Price

$167,500

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,500(+6.7%)

Key Takeaway

Homes in Friedens have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Friedens was $167,500 in November 2024, up 6.7% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $280K$155K
-44.6%
3 $148.4K$187.5K
+26.3%
4 $245K$50K
-79.6%
5+ $285K-
N/A

Summary: Friedens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.6%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 79.6%, and 5+ bedroom homes did not change.

Housing Supply in Friedens, PA

How many homes are available in Friedens, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
913+44.4%

Summary: The Friedens real estate market had 13 homes for sale in November 2024, a 44.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 79
+28.6%
4 23
+50.0%
5+ 00
0.0%

Summary: The Friedens 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 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

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 Friedens, 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 Friedens in November 2024, up by 100.0% 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 Friedens, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
94 Days71 Days-24.5%

Summary: Homes in Friedens had an average of 71 days on market in Nov 2024, down by 24.5% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Friedens has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Friedens; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

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