$1,182 Closing Credit*
$99,500
976 SqFt
3 Beds
•1 Full Bath
#20-98826, SUSANNE B NORTON, Listing Office: KEY PARTNERS REALTY, LLC
Is Mount Carmel, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mount Carmel has remained a Seller's Market.
Key Takeaway
Mount Carmel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Carmel, PA
How much do homes in Mount Carmel, PA cost?
Median Sold Price
$55,000
$55/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+19.6%)
Key Takeaway
Homes in Mount Carmel have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Mount Carmel was $55,000 in October 2024, up 19.6% from last year, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $21K | $32K | +52.4% |
| 2 Bedrooms | $55K | $41K | -25.5% |
| 3 Bedrooms | $45K | $56K | +24.4% |
| 4 Bedrooms | $69K | $82.5K | +19.6% |
| 5+ Bedrooms | $69K | $96.5K | +39.9% |
Summary: Mount Carmel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.4%, 2 bedroom homes decreased by 25.5%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 39.9%.
Median Sold Price Compared To Nearby Cities
| Mount Carmel | $46K | $55K | +19.6% |
| Mount Carmel Township | $46K | $55K | +19.6% |
Housing Supply in Mount Carmel, PA
How many homes are available in Mount Carmel, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The Mount Carmel real estate market had 27 homes for sale in October 2024, a 15.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 16 | 10 | -37.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Mount Carmel 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 increased by 12.5%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Carmel, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Mount Carmel in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Mount Carmel, PA
How long does it take to sell a home in Mount Carmel, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 208 Days | 46 Days | -77.5% |
Summary: Homes in Mount Carmel had an average of 46 days on market in Oct 2024, down by 77.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Carmel are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Mount Carmel; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
