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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kane is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Kane was a Seller's Market.

Key Takeaway

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

Housing Prices in Kane, PA

How much do homes in Kane, PA cost?

Median Sold Price

$35,000

$22/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$53,500(-60.5%)

Key Takeaway

Homes in Kane have sold for 60.5% less than they did a month ago.

Summary: The median home sold price in Kane was $35,000 in November 2024, down 60.5% from last month, and the median price per square foot was $22.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $78.5K$35K
-55.4%
4 $97.5K-
N/A
5+ --
N/A

Summary: Kane 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 decreased by 55.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Kane, PA

How many homes are available in Kane, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
18180.0%

Summary: The Kane real estate market had 18 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1010
0.0%
4 54
-20.0%
5+ 11
0.0%

Summary: The Kane 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

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 Kane, 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 Kane in November 2024, down by 75.0% 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 Kane, PA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
84 Days66 Days-21.4%

Summary: Homes in Kane had an average of 66 days on market in Nov 2024, down by 21.4% compared to last month.

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 Kane has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Kane; 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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