Is Pennypacker Park, NJ 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, Pennypacker Park has remained a Seller's Market.
Housing Prices in Pennypacker Park, NJ
How much do homes in Pennypacker Park, NJ cost?
Median Sold Price
$322,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pennypacker Park was $322,500 in April 2024, up 5.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $300K | $307.5K | +2.5% |
4 Bedrooms | $305K | $327K | +7.2% |
5+ Bedrooms | - | $415K | N/A |
Summary: Pennypacker Park 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 did not change, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Cooperstown | $154K | $300K | +94.8% |
Rittenhouse | $190K | $217.5K | +14.5% |
Pennypacker Park | $305K | $322.5K | +5.7% |
Somerset Park | $300K | $313K | +4.3% |
Housing Supply in Pennypacker Park, NJ
How many homes are available in Pennypacker Park, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Summary: The Pennypacker Park real estate market had 16 homes for sale in April 2024, a 6.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pennypacker Park 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 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Pennypacker Park in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Pennypacker Park, NJ
How long does it take to sell a home in Pennypacker Park, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 36 Days | -8.7% |
Summary: Homes in Pennypacker Park had an average of 36 days on market in Apr 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Pennypacker Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.