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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irwin Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Irwin Township has remained a Seller's Market.

Key Takeaway

Irwin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Irwin Township, PA

How much do homes in Irwin Township, PA cost?

Median Sold Price

$265,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$30,400(+13.0%)

Key Takeaway

Homes in Irwin Township have sold for 13% more than they did a year ago.

Summary: The median home sold price in Irwin Township was $265,000 in December 2024, up 13% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $55K$88.5K
+60.9%
2 $160K$174K
+8.8%
3 $220K$239K
+8.6%
4 $393K$387K
-1.5%
5+ $635K$390K
-38.6%

Summary: Irwin Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.9%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 38.6%.

Median Sold Price Compared To Nearby Cities

Mercer Township
+23.1%
Irwin Township
+13.0%

Housing Supply in Irwin Township, PA

How many homes are available in Irwin Township, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
115116+0.9%

Summary: The Irwin Township real estate market had 116 homes for sale in December 2024, a 0.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 7574
-1.3%
4 2929
0.0%
5+ 22
0.0%

Summary: The Irwin Township 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 22.2%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2024+20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Irwin Township, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Irwin Township in December 2024, up by 20.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.

Days on Market for Irwin Township, PA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
43 Days29 Days-31.7%

Summary: Homes in Irwin Township had an average of 29 days on market in Dec 2024, down by 31.7% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 24 homes were sold in Irwin Township; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 4 Days Ago

Newest Listings in Irwin Township, PA

Nearby Markets to Irwin Township, PA