Is Honey Brook, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Honey Brook has remained a Seller's Market.
Key Takeaway
Honey Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Honey Brook, PA
How much do homes in Honey Brook, PA cost?
Median Sold Price
$375,150
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Honey Brook have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Honey Brook was $375,150 in April 2024, up 8.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171K | $349.6K | +104.5% |
| 3 Bedrooms | $310.9K | $359.8K | +15.7% |
| 4 Bedrooms | $409.4K | $453.5K | +10.8% |
| 5+ Bedrooms | $486.4K | $476.5K | -2.0% |
Summary: Honey Brook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 104.5%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Honey Brook | $346K | $375.1K | +8.4% |
| Honey Brook Township | $383.7K | $395K | +2.9% |
Housing Supply in Honey Brook, PA
How many homes are available in Honey Brook, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The Honey Brook real estate market had 28 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Honey Brook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honey Brook, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Honey Brook in April 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Honey Brook, PA
How long does it take to sell a home in Honey Brook, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | +4.4% |
Summary: Homes in Honey Brook had an average of 18 days on market in Apr 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
4 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 Honey Brook are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Honey Brook; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
