Is Mohnton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Mohnton has remained a Buyer's Market.
Housing Prices in Mohnton, PA
How much do homes in Mohnton, PA cost?
Median Sold Price
$369,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mohnton was $369,000 in February 2024, up 89.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $157.4K | $187.5K | +19.1% |
3 Bedrooms | $177.5K | $318.7K | +79.5% |
4 Bedrooms | $252.4K | $377.4K | +49.5% |
5+ Bedrooms | $262.5K | $566K | +115.6% |
Summary: Mohnton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 79.5%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes increased by 115.6%.
Median Sold Price Compared To Nearby Cities
Mohnton | $195K | $369K | +89.2% |
Cumru Township | $235.2K | $265K | +12.6% |
Housing Supply in Mohnton, PA
How many homes are available in Mohnton, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 30 | -6.3% |
Summary: The Mohnton real estate market had 30 homes for sale in February 2024, a 6.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Mohnton 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mohnton in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Mohnton, PA
How long does it take to sell a home in Mohnton, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
7 Days | 100 Days | +1339.3% |
Summary: Homes in Mohnton had an average of 100 days on market in Feb 2024, up by 1339.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Mohnton; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.