$1,338,150
0.89 Acres
Land
James Spaziano, Listing Office: Jay Spaziano Real Estate
Is Penndel, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Penndel has remained a Seller's Market.
Key Takeaway
Penndel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penndel, PA
How much do homes in Penndel, PA cost?
Median Sold Price
$477,500
$288/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$37,050(+8.4%)
Key Takeaway
Homes in Penndel have sold for 8.4% more than they did a month ago.
Summary: The median home sold price in Penndel was $477,500 in October 2024, up 8.4% from last month, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $381K | $477.5K | +25.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $499.9K | - | N/A |
Summary: Penndel housing prices by bedroom type for October 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 25.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Penndel, PA
How many homes are available in Penndel, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Penndel real estate market had 8 homes for sale in October 2024, a 11.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Penndel 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Penndel, 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 Penndel in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Penndel, PA
How long does it take to sell a home in Penndel, PA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 3 Days | -66.7% |
Summary: Homes in Penndel had an average of 3 days on market in Oct 2024, down by 66.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penndel are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Penndel; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
