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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingsessing is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Kingsessing, PA

How much do homes in Kingsessing, PA cost?

Median Sold Price

$127,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$12,000(-8.6%)

Key Takeaway

Homes in Kingsessing have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Kingsessing was $127,000 in November 2024, down 8.6% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $84.7K$93.5K
+10.3%
3 $120K$119K
-0.8%
4 $210K$183.6K
-12.6%
5+ $335K$260K
-22.4%

Summary: Kingsessing 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 increased by 10.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 22.4%.

Median Sold Price Compared To Nearby Neighborhoods

Southwest Schuylkill
+39.8%
Cedar Park
+29.6%
Cobbs Creek
+5.6%
Kingsessing
-8.6%

Housing Supply in Kingsessing, PA

How many homes are available in Kingsessing, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
90100+11.1%

Summary: The Kingsessing real estate market had 100 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 6670
+6.1%
4 1518
+20.0%
5+ 55
0.0%

Summary: The Kingsessing 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 75%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
17170.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingsessing, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Kingsessing in November 2024, the same as the previous month. Of the 17 sold homes, 71% were sold under asking, 6% were sold at asking, and 24% were sold over asking.

Days on Market for Kingsessing, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days34 Days-5.9%

Summary: Homes in Kingsessing had an average of 34 days on market in Nov 2024, down by 5.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 17 homes were sold in Kingsessing; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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 22 Days Ago

Newest Listings in Kingsessing, PA

Nearby Markets to Kingsessing, PA