$4,513 Closing Credit*
$380,000
1,440 SqFt
3 Beds
•2 Full Baths
Daniel Witt, Listing Office: Keller Williams Real Estate - Allentown
Is Penn Forest Township, 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, Penn Forest Township has remained a Seller's Market.
Key Takeaway
Penn Forest Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penn Forest Township, PA
How much do homes in Penn Forest Township, PA cost?
Median Sold Price
$312,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+4.2%)
Key Takeaway
Homes in Penn Forest Township have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Penn Forest Township was $312,500 in October 2024, up 4.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | $192K | $221.5K | +15.4% |
| 3 Bedrooms | $297K | $300K | +1.0% |
| 4 Bedrooms | $375K | $384.9K | +2.7% |
| 5+ Bedrooms | $492.5K | $399.9K | -18.8% |
Summary: Penn Forest Township 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 15.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Penn Forest Township | $300K | $312.5K | +4.2% |
| Albrightsville | $297.9K | $290K | -2.7% |
| Tunkhannock Township | $289.9K | $272.4K | -6.0% |
| Kidder Township | $409.5K | $379K | -7.4% |
Housing Supply in Penn Forest Township, PA
How many homes are available in Penn Forest Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 115 | -2.5% |
Summary: The Penn Forest Township real estate market had 115 homes for sale in October 2024, a 2.5% 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 | 11 | 12 | +9.1% |
| 3 Bedrooms | 69 | 66 | -4.3% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Penn Forest Township 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 9.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Forest Township, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Penn Forest Township in October 2024, up by 53.8% month-over-month. Of the 20 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.
Days on Market for Penn Forest Township, PA
How long does it take to sell a home in Penn Forest Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 38 Days | -0.1% |
Summary: Homes in Penn Forest Township had an average of 38 days on market in Oct 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penn Forest Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Penn Forest Township; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
