Is Renfrew, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Renfrew was a Seller's Market.
Key Takeaway
Renfrew 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 Renfrew, PA
How much do homes in Renfrew, PA cost?
Median Sold Price
$395,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Renfrew have sold for 30.8% more than they did a year ago.
Summary: The median home sold price in Renfrew was $395,000 in May 2024, up 30.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $225K | $350K | +55.6% |
| 3 Bedrooms | $300K | $375K | +25.0% |
| 4 Bedrooms | $440K | $455K | +3.4% |
| 5+ Bedrooms | $802.5K | $446.2K | -44.4% |
Summary: Renfrew housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 44.4%.
Median Sold Price Compared To Nearby Cities
| Renfrew | $302K | $395K | +30.8% |
| Penn Township | $310.9K | $318.2K | +2.3% |
| Forward Township | $442.5K | $430K | -2.8% |
Housing Supply in Renfrew, PA
How many homes are available in Renfrew, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Renfrew real estate market had 14 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Renfrew housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Renfrew, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Renfrew in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Renfrew, PA
How long does it take to sell a home in Renfrew, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 44 Days | +214.3% |
Summary: Homes in Renfrew had an average of 44 days on market in May 2024, up by 214.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Renfrew has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Renfrew; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
