Is Mohnton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Mohnton has remained a Seller's Market.
Key Takeaway
Mohnton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Mohnton, PA cost?
Median Sold Price
$344,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Mohnton have sold for 86.2% more than they did a year ago.
Summary: The median home sold price in Mohnton was $344,500 in August 2023, up 86.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.5K | - | N/A |
| 2 Bedrooms | $140K | $174.9K | +24.9% |
| 3 Bedrooms | $180K | $282.5K | +56.9% |
| 4 Bedrooms | $350K | $377.4K | +7.8% |
| 5+ Bedrooms | $375K | $465K | +24.0% |
Summary: Mohnton housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.9%, 3 bedroom homes increased by 56.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Cities
| Mohnton | $185K | $344.5K | +86.2% |
| Cumru Township | $250K | $253.6K | +1.4% |
Housing Supply
How many homes are available in Mohnton, PA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Summary: The Mohnton real estate market had 46 homes for sale in August 2023, a 4.2% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Mohnton housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mohnton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Mohnton in August 2023, up by 80.0% month-over-month. Of the 18 sold homes, 6% were sold under asking, 28% were sold at asking, and 67% were sold over asking.
Days on Market
How long does it take to sell a home in Mohnton, PA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 14 Days | 7 Days | -45.0% |
Summary: Homes in Mohnton had an average of 7 days on market in Aug 2023, down by 45% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mohnton are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 18 homes were sold in Mohnton; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
