Is Furlong, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Furlong is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Furlong was a Seller's Market.

Key Takeaway

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

Housing Prices in Furlong, PA

How much do homes in Furlong, PA cost?

Median Sold Price

$922,500

$222/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$76,500(+9.0%)

Key Takeaway

Homes in Furlong have sold for 9% more than they did a month ago.

Summary: The median home sold price in Furlong was $922,500 in February 2024, up 9% from last month, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $773K$895K
+15.8%
5+ $1.7M$950K
-46.0%

Summary: Furlong housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 46%.

Housing Supply in Furlong, PA

How many homes are available in Furlong, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3734-8.1%

Summary: The Furlong real estate market had 34 homes for sale in February 2024, a 8.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 712
+71.4%
4 2316
-30.4%
5+ 76
-14.3%

Summary: The Furlong housing inventory by bedroom type for February 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 71.4%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Furlong, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Furlong in February 2024, down by 77.8% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Furlong, PA

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

Average Sale Time

Jan 2024Feb 2024CHANGE
35 Days22 Days-35.9%

Summary: Homes in Furlong had an average of 22 days on market in Feb 2024, down by 35.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Furlong; 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.

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

Report Updated 3 Days Ago

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