$5,195 Closing Credit*
$437,500
2,831 SqFt
4 Beds
•2 Full Baths, 1 Partial
Judy Stover, Listing Office: Iron Valley Real Estate of Central PA
Is Penn 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 Township has remained a Seller's 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
$331,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,000(-3.2%)
Key Takeaway
Homes in Penn Township have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Penn Township was $331,000 in October 2024, down 3.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $36K | N/A |
| 2 Bedrooms | $225K | $294.5K | +30.9% |
| 3 Bedrooms | $311K | $320K | +2.9% |
| 4 Bedrooms | $430K | $427.5K | -0.6% |
| 5+ Bedrooms | $1.1M | $420K | -61.8% |
Summary: Penn 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 30.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 61.8%.
Median Sold Price Compared To Nearby Cities
| Manheim | $295K | $329K | +11.5% |
| Warwick Township | $415K | $453K | +9.2% |
| Rapho Township | $375K | $371.5K | -0.9% |
| Cornwall | $400K | $395.6K | -1.1% |
| Penn Township | $342K | $331K | -3.2% |
Housing Supply in Penn Township, PA
How many homes are available in Penn Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Summary: The Penn Township real estate market had 17 homes for sale in October 2024, a 29.2% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Penn 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Penn Township in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 30 Days | +241.9% |
Summary: Homes in Penn Township had an average of 30 days on market in Oct 2024, up by 241.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penn Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Penn Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
