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 March 2023
At the same time last year, Honey Brook Township was a Seller's Market.
Key Takeaway
Honey Brook Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Honey Brook Township, PA
How much do homes in Honey Brook Township, PA cost?
Median Sold Price
$375,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Honey Brook Township have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Honey Brook Township was $375,000 in March 2024, down 1.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $284.3K | +26.4% |
| 3 Bedrooms | $337.5K | $359.6K | +6.6% |
| 4 Bedrooms | $487.5K | $461K | -5.4% |
| 5+ Bedrooms | $605K | $560K | -7.4% |
Summary: Honey Brook Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Morgantown | $326K | $445K | +36.5% |
| Honey Brook | $317.5K | $367K | +15.6% |
| Caernarvon Township | $300K | $327.5K | +9.2% |
| Honey Brook Township | $380K | $375K | -1.3% |
Housing Supply in Honey Brook Township, PA
How many homes are available in Honey Brook Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Honey Brook Township real estate market had 27 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Honey Brook Township housing inventory by bedroom type for March 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 10%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 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 Honey Brook Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Honey Brook Township in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 7 Days | -63.4% |
Summary: Homes in Honey Brook Township had an average of 7 days on market in Mar 2024, down by 63.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were 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 March 2024, 4 homes were sold in Honey Brook 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.
