$5,641 Closing Credit*
$475,000
2,221 SqFt
4 Beds
•1 Full Bath
Bonnie Houck, Listing Office: Berkshire Hathaway The Preferred Realty
Is Rayne Township, 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, Rayne Township has remained a Seller's Market.
Key Takeaway
Rayne Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rayne Township, PA
How much do homes in Rayne Township, PA cost?
Median Sold Price
$212,500
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,600(+18.1%)
Key Takeaway
Homes in Rayne Township have sold for 18.1% more than they did a year ago.
Summary: The median home sold price in Rayne Township was $212,500 in October 2024, up 18.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | - | N/A |
| 3 Bedrooms | $179.9K | $187.5K | +4.2% |
| 4 Bedrooms | $265K | $377.5K | +42.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Rayne 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 did not change, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes did not change.
Housing Supply in Rayne Township, PA
How many homes are available in Rayne Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Rayne Township 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rayne 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rayne Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rayne Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Rayne Township, PA
How long does it take to sell a home in Rayne Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +32.0% |
Summary: Homes in Rayne Township had an average of 33 days on market in Oct 2024, up by 32% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rayne Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Rayne Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
