$4,216 Closing Credit*
$355,000
1,402 SqFt
John J Bianchimano, Listing Office: RE/MAX 2000
Is Rhawnhurst, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rhawnhurst has remained a Seller's Market.
Key Takeaway
Rhawnhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rhawnhurst, PA
How much do homes in Rhawnhurst, PA cost?
Median Sold Price
$310,000
$224/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$5,000(-1.6%)
Key Takeaway
Homes in Rhawnhurst have sold for 1.6% less than they did a month ago.
Summary: The median home sold price in Rhawnhurst was $310,000 in November 2024, down 1.6% from last month, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $67K | -41.2% |
| 2 Bedrooms | - | $165K | N/A |
| 3 Bedrooms | $315K | $328.5K | +4.3% |
| 4 Bedrooms | $470K | $309K | -34.3% |
| 5+ Bedrooms | $385K | - | N/A |
Summary: Rhawnhurst housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 34.3%, and 5+ bedroom homes did not change.
Housing Supply in Rhawnhurst, PA
How many homes are available in Rhawnhurst, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 46 | -17.9% |
Summary: The Rhawnhurst real estate market had 46 homes for sale in November 2024, a 17.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 43 | 36 | -16.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Rhawnhurst 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 50%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rhawnhurst, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Rhawnhurst in November 2024, down by 38.1% month-over-month. Of the 13 sold homes, 62% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Rhawnhurst, PA
How long does it take to sell a home in Rhawnhurst, PA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 20 Days | -50.8% |
Summary: Homes in Rhawnhurst had an average of 20 days on market in Nov 2024, down by 50.8% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rhawnhurst are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Rhawnhurst; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
