$5,878 Closing Credit*
$495,000
2,116 SqFt
4 Beds
•2 Full Baths
Vince Boyle, Listing Office: RE/MAX Real Estate-Allentown
Is West Penn 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, West Penn Township has remained a Seller's Market.
Key Takeaway
West Penn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Penn Township, PA
How much do homes in West Penn Township, PA cost?
Median Sold Price
$330,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.8%)
Key Takeaway
Homes in West Penn Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in West Penn Township was $330,000 in October 2024, up 4.8% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $187.4K | -12.8% |
| 3 Bedrooms | $310K | $310K | 0.0% |
| 4 Bedrooms | $335K | $340K | +1.5% |
| 5+ Bedrooms | $320K | $416.4K | +30.1% |
Summary: West Penn 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 decreased by 12.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 30.1%.
Median Sold Price Compared To Nearby Cities
| Tamaqua | $125.2K | $140K | +11.8% |
| West Penn Township | $315K | $330K | +4.8% |
Housing Supply in West Penn Township, PA
How many homes are available in West Penn Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The West Penn Township real estate market had 19 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The West Penn 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 11.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 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 West Penn Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in West Penn Township in October 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for West Penn Township, PA
How long does it take to sell a home in West Penn Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 89 Days | 5 Days | -93.8% |
Summary: Homes in West Penn Township had an average of 5 days on market in Oct 2024, down by 93.8% compared to last year.
Breakdown of Home Sale Times
4 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 West Penn Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in West Penn Township; 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.
