Is Mill Hall, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mill Hall is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Mill Hall, PA

How much do homes in Mill Hall, PA cost?

Median Sold Price

$199,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,000(-7.4%)

Key Takeaway

Homes in Mill Hall have sold for 7.4% less than they did a year ago.

Summary: The median home sold price in Mill Hall was $199,000 in October 2024, down 7.4% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $131.2K$178.4K
+36.0%
3 $272K$209.7K
-22.9%
4 $81K$243.7K
+200.9%
5+ $325K$272.7K
-16.1%

Summary: Mill Hall housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes increased by 200.9%, and 5+ bedroom homes decreased by 16.1%.

Median Sold Price Compared To Nearby Cities

Lamar Township
+81.4%
Mill Hall
-7.4%

Housing Supply in Mill Hall, PA

How many homes are available in Mill Hall, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10100.0%

Summary: The Mill Hall real estate market had 10 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 33
0.0%
3 54
-20.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The Mill Hall 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mill Hall, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Mill Hall in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Mill Hall, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days34 Days+56.8%

Summary: Homes in Mill Hall had an average of 34 days on market in Oct 2024, up by 56.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Mill Hall; 50% of homes were sold within 30 days, 50% 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

Newest Listings in Mill Hall, PA

Nearby Markets to Mill Hall, PA