$2,255 Closing Credit*
$189,900
1,352 SqFt
3 Beds
•1 Full Bath, 1 Partial
Debora S Scheidt, Listing Office: Coldwell Banker Realty
Is Mount Penn, 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 Penn has remained a Seller's Market.
Key Takeaway
Mount Penn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Penn, PA
How much do homes in Mount Penn, PA cost?
Median Sold Price
$205,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+13.9%)
Key Takeaway
Homes in Mount Penn have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Mount Penn was $205,000 in October 2024, up 13.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $143.2K | $185K | +29.1% |
| 3 Bedrooms | $179.5K | $205K | +14.2% |
| 4 Bedrooms | $226K | $245K | +8.4% |
| 5+ Bedrooms | $184.9K | $172.5K | -6.7% |
Summary: Mount Penn 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 29.1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Saint Lawrence | $225K | $293.5K | +30.4% |
| Mount Penn | $180K | $205K | +13.9% |
| Reading | $222.1K | $247.8K | +11.6% |
| Lower Alsace Township | $241K | $255K | +5.8% |
| Exeter Township | $302.5K | $312.5K | +3.3% |
Housing Supply in Mount Penn, PA
How many homes are available in Mount Penn, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Mount Penn real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Mount Penn 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 decreased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Penn, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Penn in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Mount Penn, PA
How long does it take to sell a home in Mount Penn, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 11 Days | +50.0% |
Summary: Homes in Mount Penn had an average of 11 days on market in Oct 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Penn are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Mount Penn; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
