$3,325 Closing Credit*
$280,000
1,937 SqFt
6 Beds
•2 Full Baths, 1 Partial
Howard Smith, Listing Office: Houwzer, LLC
Is Mount Penn, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+10.8%)
Key Takeaway
Homes in Mount Penn have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Mount Penn was $205,000 in November 2024, up 10.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $145K | $195.5K | +34.8% |
| 3 Bedrooms | $184.5K | $199.2K | +8.0% |
| 4 Bedrooms | $223K | $245K | +9.9% |
| 5+ Bedrooms | $184.9K | $200K | +8.1% |
Summary: Mount Penn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Mount Penn | $185K | $205K | +10.8% |
| Reading | $226.2K | $249.5K | +10.3% |
| Lower Alsace Township | $243K | $250K | +2.9% |
| Exeter Township | $307.3K | $311.8K | +1.5% |
Housing Supply in Mount Penn, PA
How many homes are available in Mount Penn, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Mount Penn real estate market had 18 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mount Penn 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 increased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Penn, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Penn in November 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 14 Days | +128.6% |
Summary: Homes in Mount Penn had an average of 14 days on market in Nov 2024, up by 128.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 7 homes were sold in Mount Penn; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
