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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mohnton is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Mohnton has remained a Buyer's Market.

Key Takeaway

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

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

+$174,000(+89.2%)

Key Takeaway

Homes in Mohnton have sold for 89.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $157.4K$187.5K
+19.1%
3 $177.5K$318.7K
+79.5%
4 $252.4K$377.4K
+49.5%
5+ $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
+89.2%
Cumru Township
+12.6%

Housing Supply in Mohnton, PA

How many homes are available in Mohnton, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3230-6.3%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1111
0.0%
4 1310
-23.1%
5+ 66
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 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mohnton, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
7 Days100 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Mohnton are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

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

Report Updated 27 Days Ago

Newest Listings in Mohnton, PA

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