$3,028 Closing Credit*
$255,000
2 Beds
•2 Full Baths
Janice Smarto & Jacquie Williams, Listing Office: Berkshire Hathaway The Preferred Realty
Is Penn Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Penn Township was a Neutral Market.
Key Takeaway
Penn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penn Township, PA
How much do homes in Penn Township, PA cost?
Median Sold Price
$365,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,500(+25.2%)
Key Takeaway
Homes in Penn Township have sold for 25.2% more than they did a year ago.
Summary: The median home sold price in Penn Township was $365,000 in November 2024, up 25.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $36K | -82.0% |
| 2 Bedrooms | $159K | $195K | +22.6% |
| 3 Bedrooms | $250.5K | $280K | +11.8% |
| 4 Bedrooms | $470K | $428.7K | -8.8% |
| 5+ Bedrooms | $590K | $395.5K | -33.0% |
Summary: Penn Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 33%.
Median Sold Price Compared To Nearby Cities
| Summit Township | $195.5K | $255K | +30.4% |
| Penn Township | $291.5K | $365K | +25.2% |
| Jefferson Township | $265K | $299K | +12.8% |
| Renfrew | $347.4K | $384.9K | +10.8% |
| Butler Township | $210K | $225K | +7.1% |
Housing Supply in Penn Township, PA
How many homes are available in Penn Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Penn Township real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to 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 | 5 | 7 | +40.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Penn Township 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 40%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 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 Penn Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Penn Township in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Penn Township, PA
How long does it take to sell a home in Penn Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 54 Days | +13.9% |
Summary: Homes in Penn Township had an average of 54 days on market in Nov 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Penn Township has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Penn Township; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
