Is Fannett Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fannett Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Fannett Township was a Seller's Market.

Key Takeaway

Fannett Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fannett Township, PA

How much do homes in Fannett Township, PA cost?

Median Sold Price

$219,900

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$10,050(-4.4%)

Key Takeaway

Homes in Fannett Township have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in Fannett Township was $219,900 in May 2024, down 4.4% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $210K$178.5K
-15.0%
3 $156.8K$225.8K
+44.0%
4 $405K$399K
-1.5%
5+ $420K-
N/A

Summary: Fannett Township 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 15%, 3 bedroom homes increased by 44%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes did not change.

Housing Supply in Fannett Township, PA

How many homes are available in Fannett Township, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1112+9.1%

Summary: The Fannett Township real estate market had 12 homes for sale in May 2024, a 9.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 89
+12.5%
4 11
0.0%
5+ 11
0.0%

Summary: The Fannett Township 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fannett Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Fannett Township in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Fannett Township, PA

How long does it take to sell a home in Fannett Township, PA?

Average Sale Time

May 2023May 2024CHANGE
16 Days8 Days-51.5%

Summary: Homes in Fannett Township had an average of 8 days on market in May 2024, down by 51.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fannett Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Fannett 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Fannett Township, PA

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