Is Kunkletown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kunkletown has remained a Seller's Market.
Key Takeaway
Kunkletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kunkletown, PA
How much do homes in Kunkletown, PA cost?
Median Sold Price
$272,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kunkletown have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Kunkletown was $272,500 in May 2024, down 4.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $247.3K | $195.5K | -20.9% |
| 3 Bedrooms | $255K | $283.4K | +11.2% |
| 4 Bedrooms | $332.5K | $390K | +17.3% |
| 5+ Bedrooms | $329.9K | $380K | +15.2% |
Summary: Kunkletown 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 decreased by 20.9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Polk Township | $285K | $279.9K | -1.8% |
| Eldred Township | $175.4K | $170K | -3.1% |
| Kunkletown | $285K | $272.5K | -4.4% |
Housing Supply in Kunkletown, PA
How many homes are available in Kunkletown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 21 | -34.4% |
Summary: The Kunkletown real estate market had 21 homes for sale in May 2024, a 34.4% 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 | 5 | 2 | -60.0% |
| 3 Bedrooms | 14 | 7 | -50.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Kunkletown 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 60%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kunkletown, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Kunkletown in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Kunkletown, PA
How long does it take to sell a home in Kunkletown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 35 Days | +150.3% |
Summary: Homes in Kunkletown had an average of 35 days on market in May 2024, up by 150.3% compared to last year.
Breakdown of Home Sale Times
3 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 Kunkletown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Kunkletown; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
