Is Monaghan Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monaghan Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Monaghan Township was a Seller's Market.

Key Takeaway

Monaghan 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 Monaghan Township, PA

How much do homes in Monaghan Township, PA cost?

Median Sold Price

$410,500

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$49,400(+13.7%)

Key Takeaway

Homes in Monaghan Township have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Monaghan Township was $410,500 in September 2024, up 13.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $306.2K$290K
-5.3%
4 $410K$485K
+18.3%
5+ $527.5K$525K
-0.5%

Summary: Monaghan Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Cities

Monaghan Township
+13.7%
Upper Allen Township
+8.5%
Warrington Township
0.0%
Fairview Township
-3.1%

Housing Supply in Monaghan Township, PA

How many homes are available in Monaghan Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
660.0%

Summary: The Monaghan Township real estate market had 6 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 22
0.0%
5+ 10
-100.0%

Summary: The Monaghan Township housing inventory by bedroom type for September 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monaghan Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Monaghan Township in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Monaghan Township, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
35 Days4 Days-88.6%

Summary: Homes in Monaghan Township had an average of 4 days on market in Sep 2024, down by 88.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Monaghan 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.

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

Report Updated 30 Days Ago

Newest Listings in Monaghan Township, PA

Nearby Markets to Monaghan Township, PA

What housing markets are near Monaghan Township, PA?