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 neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Menallen Township was a Seller's Market.

Key Takeaway

Menallen Township 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 Menallen Township, PA

How much do homes in Menallen Township, PA cost?

Median Sold Price

$106,000

$118/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$7,875(+8.0%)

Key Takeaway

Homes in Menallen Township have sold for 8% more than they did a month ago.

Summary: The median home sold price in Menallen Township was $106,000 in November 2024, up 8% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $98.1K$106K
+8.0%
4 --
N/A
5+ --
N/A

Summary: Menallen Township 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 increased by 8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Menallen Township
+8.0%
New Salem
-49.4%

Housing Supply in Menallen Township, PA

How many homes are available in Menallen Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
87-12.5%

Summary: The Menallen Township real estate market had 7 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 65
-16.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Menallen Township 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Menallen Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Menallen Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Oct 2024Nov 2024CHANGE
63 Days54 Days-15.0%

Summary: Homes in Menallen Township had an average of 54 days on market in Nov 2024, down by 15% 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 Menallen Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Menallen Township; 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 17 Days Ago

Newest Listings in Menallen Township, PA

Nearby Markets to Menallen Township, PA

What housing markets are near Menallen Township, PA?