Is Hop Bottom, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hop Bottom is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Hop Bottom was a Seller's Market.

Key Takeaway

Hop Bottom is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hop Bottom, PA

How much do homes in Hop Bottom, PA cost?

Median Sold Price

$85,000

$98/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$122,500(-59.0%)

Key Takeaway

Homes in Hop Bottom have sold for 59% less than they did a month ago.

Summary: The median home sold price in Hop Bottom was $85,000 in December 2024, down 59% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$85K
N/A
3 $216.2K-
N/A
4 $165K-
N/A
5+ --
N/A

Summary: Hop Bottom housing prices by bedroom type for December 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

Lenox Township
+64.1%
Lathrop Township
-48.5%
Hop Bottom
-59.0%

Housing Supply in Hop Bottom, PA

How many homes are available in Hop Bottom, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
770.0%

Summary: The Hop Bottom real estate market had 7 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 21
-50.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Hop Bottom housing inventory by bedroom type for December 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hop Bottom, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Hop Bottom in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Hop Bottom, PA

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

Average Sale Time

Nov 2024Dec 2024CHANGE
51 Days6 Days-88.4%

Summary: Homes in Hop Bottom had an average of 6 days on market in Dec 2024, down by 88.4% compared to last month.

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 Hop Bottom are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Hop Bottom; 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 7 Days Ago

Newest Listings in Hop Bottom, PA

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