Is Narvon, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Narvon is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Narvon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Narvon, PA

How much do homes in Narvon, PA cost?

Median Sold Price

$595,000

$332/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$337,500(+131.1%)

Key Takeaway

Homes in Narvon have sold for 131.1% more than they did a month ago.

Summary: The median home sold price in Narvon was $595,000 in November 2024, up 131.1% from last month, and the median price per square foot was $332.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $275K$595K
+116.4%
4 $240K-
N/A
5+ --
N/A

Summary: Narvon 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 116.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Narvon
+131.1%
Caernarvon Township
+31.3%
Brecknock Township
-10.3%

Housing Supply in Narvon, PA

How many homes are available in Narvon, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
87-12.5%

Summary: The Narvon 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 01
+100.0%
3 55
0.0%
4 31
-66.7%
5+ 00
0.0%

Summary: The Narvon 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Narvon in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Narvon, PA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
18 Days40 Days+125.0%

Summary: Homes in Narvon had an average of 40 days on market in Nov 2024, up by 125% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During November 2024, 2 homes were sold in Narvon; 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 Narvon, PA

Nearby Markets to Narvon, PA

What housing markets are near Narvon, PA?