Is Penn Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Penn Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Penn Township was a Seller's Market.

Key Takeaway

Penn Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Penn Township, PA

How much do homes in Penn Township, PA cost?

Median Sold Price

$221,500

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$22,000(-9.0%)

Key Takeaway

Homes in Penn Township have sold for 9% less than they did a year ago.

Summary: The median home sold price in Penn Township was $221,500 in October 2024, down 9% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$36K
N/A
2 $210K$195K
-7.1%
3 $249.9K$258.5K
+3.4%
4 $340K$387K
+13.8%
5+ $495K-
N/A

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 decreased by 7.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monroe Township
+11.1%
Selinsgrove
0.0%
Penn Township
-9.0%

Housing Supply in Penn Township, PA

How many homes are available in Penn Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1613-18.8%

Summary: The Penn Township real estate market had 13 homes for sale in October 2024, a 18.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 55
0.0%
4 54
-20.0%
5+ 11
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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Penn Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Penn Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Penn Township, PA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Penn Township, PA

Nearby Markets to Penn Township, PA

What housing markets are near Penn Township, PA?