$2,850 Closing Credit*
$240,000
1,046 SqFt
3 Beds
•2 Full Baths
Edward J Levin, Listing Office: American Destiny Real Estate-Philadelphia
Is Pennypack, 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, Pennypack has remained a Seller's Market.
Key Takeaway
Pennypack is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pennypack, PA
How much do homes in Pennypack, PA cost?
Median Sold Price
$320,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.9%)
Key Takeaway
Homes in Pennypack have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Pennypack was $320,000 in October 2024, up 4.9% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $234K | $245K | +4.7% |
| 3 Bedrooms | $305K | $320K | +4.9% |
| 4 Bedrooms | $332.5K | $360K | +8.3% |
| 5+ Bedrooms | - | $399.9K | N/A |
Summary: Pennypack 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 4.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rhawnhurst | $295K | $319K | +8.1% |
| Academy Gardens | $300K | $319K | +6.3% |
| Far Northeast Philadelphia | $310.9K | $330K | +6.1% |
| Pennypack | $305K | $320K | +4.9% |
Housing Supply in Pennypack, PA
How many homes are available in Pennypack, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 37 | +27.6% |
Summary: The Pennypack real estate market had 37 homes for sale in October 2024, a 27.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 19 | 25 | +31.6% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pennypack 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 50%, 3 bedroom homes increased by 31.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pennypack, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Pennypack in October 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Pennypack, PA
How long does it take to sell a home in Pennypack, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 18 Days | -24.3% |
Summary: Homes in Pennypack had an average of 18 days on market in Oct 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
6 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 Pennypack are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Pennypack; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
