$3,289 Closing Credit*
$277,000
1,352 SqFt
3 Beds
•1 Full Bath
Jane M. Maslowski, Listing Office: Keller Williams Real Estate-Blue Bell
Is Pennypack, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pennypack was a Seller's Market.
Key Takeaway
Pennypack is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pennypack, PA
How much do homes in Pennypack, PA cost?
Median Sold Price
$321,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,000(+7.0%)
Key Takeaway
Homes in Pennypack have sold for 7% more than they did a year ago.
Summary: The median home sold price in Pennypack was $321,000 in November 2024, up 7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $238K | $247.5K | +4.0% |
| 3 Bedrooms | $305K | $320.5K | +5.1% |
| 4 Bedrooms | $335K | $355K | +6.0% |
| 5+ Bedrooms | - | $399.9K | N/A |
Summary: Pennypack housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Academy Gardens | $300K | $322.5K | +7.5% |
| Pennypack | $300K | $321K | +7.0% |
| Far Northeast Philadelphia | $314.9K | $330K | +4.8% |
Housing Supply in Pennypack, PA
How many homes are available in Pennypack, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The Pennypack real estate market had 36 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Pennypack housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was 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 could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Pennypack in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 5 Days | -55.0% |
Summary: Homes in Pennypack had an average of 5 days on market in Nov 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
5 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 Pennypack are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Pennypack; 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.
