Is Pennsport, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pennsport is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Pennsport was a Buyer's Market.

Key Takeaway

Pennsport 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 Pennsport, PA

How much do homes in Pennsport, PA cost?

Median Sold Price

$410,000

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+9.3%)

Key Takeaway

Homes in Pennsport have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Pennsport was $410,000 in October 2024, up 9.3% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$237.7K
-0.9%
2 $265K$302K
+14.0%
3 $443.5K$455K
+2.6%
4 $635.2K$700K
+10.2%
5+ $592.7K$535K
-9.7%

Summary: Pennsport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Neighborhoods

Pennsport
+9.3%
South Philadelphia
+2.3%
Dickson Narrows
-5.1%
Queen Village
-6.6%
Whitman
-7.3%

Housing Supply in Pennsport, PA

How many homes are available in Pennsport, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4650+8.7%

Summary: The Pennsport real estate market had 50 homes for sale in October 2024, a 8.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1820
+11.1%
3 1821
+16.7%
4 76
-14.3%
5+ 22
0.0%

Summary: The Pennsport 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 11.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pennsport, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Pennsport in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Pennsport, PA

How long does it take to sell a home in Pennsport, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days79 Days+179.6%

Summary: Homes in Pennsport had an average of 79 days on market in Oct 2024, up by 179.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pennsport are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Pennsport; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

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