Is Honey Brook Township, 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 Township has remained a Seller's Market.
Key Takeaway
Honey Brook Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Honey Brook Township, PA
How much do homes in Honey Brook Township, PA cost?
Median Sold Price
$395,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Honey Brook Township have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Honey Brook Township was $395,000 in April 2024, up 2.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $349.6K | +55.4% |
| 3 Bedrooms | $347K | $359.8K | +3.7% |
| 4 Bedrooms | $474K | $474.9K | 0.2% |
| 5+ Bedrooms | $605K | $560K | -7.4% |
Summary: Honey Brook Township 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 55.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Morgantown | $305K | $442.5K | +45.1% |
| Caernarvon Township | $299.5K | $335K | +11.9% |
| Honey Brook | $346K | $375.1K | +8.4% |
| Honey Brook Township | $383.7K | $395K | +2.9% |
Housing Supply in Honey Brook Township, PA
How many homes are available in Honey Brook Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The Honey Brook Township 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 Township 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 Township, 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 Township 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 Township, PA
How long does it take to sell a home in Honey Brook Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | +4.4% |
Summary: Homes in Honey Brook Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Honey Brook Township; 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.
