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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Menallen Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Menallen Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Menallen Township, PA

How much do homes in Menallen Township, PA cost?

Median Sold Price

$98,125

$67/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$28,375(-22.4%)

Key Takeaway

Homes in Menallen Township have sold for 22.4% less than they did a month ago.

Summary: The median home sold price in Menallen Township was $98,125 in October 2024, down 22.4% from last month, and the median price per square foot was $67.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $126.5K-
N/A
3 -$98.1K
N/A
4 --
N/A
5+ --
N/A

Summary: Menallen Township housing prices by bedroom type for October 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

New Salem
+46.5%
Menallen Township
-22.4%

Housing Supply in Menallen Township, PA

How many homes are available in Menallen Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The Menallen Township real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 57
+40.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Menallen Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were 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 Menallen Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Menallen Township in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Menallen Township, PA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
75 Days63 Days-15.9%

Summary: Homes in Menallen Township had an average of 63 days on market in Oct 2024, down by 15.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Menallen Township has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Menallen Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

Newest Listings in Menallen Township, PA

Nearby Markets to Menallen Township, PA

What housing markets are near Menallen Township, PA?