Is Mount Penn, 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, Mount Penn has remained a Seller's Market.
Housing Prices in Mount Penn, PA
How much do homes in Mount Penn, PA cost?
Median Sold Price
$183,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mount Penn was $183,000 in February 2024, up 4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $135K | $141.5K | +4.8% |
3 Bedrooms | $172.4K | $180K | +4.4% |
4 Bedrooms | $242K | $226K | -6.6% |
5+ Bedrooms | $207.5K | $184.9K | -10.9% |
Summary: Mount Penn 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 4.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Cities
Reading | $139.7K | $231.4K | +65.6% |
Lower Alsace Township | $215K | $242K | +12.6% |
Exeter Township | $269K | $300K | +11.5% |
Mount Penn | $175.9K | $183K | +4.0% |
Housing Supply in Mount Penn, PA
How many homes are available in Mount Penn, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The Mount Penn real estate market had 15 homes for sale in February 2024, a 11.8% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Penn 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Mount Penn in February 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Mount Penn, PA
How long does it take to sell a home in Mount Penn, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
5 Days | 21 Days | +289.6% |
Summary: Homes in Mount Penn had an average of 21 days on market in Feb 2024, up by 289.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Mount Penn; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.