Is Ontelaunee Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ontelaunee Township was a Buyer's Market.
Key Takeaway
Ontelaunee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ontelaunee Township, PA
How much do homes in Ontelaunee Township, PA cost?
Median Sold Price
$358,973
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ontelaunee Township have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Ontelaunee Township was $358,973 in March 2024, up 5.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $186.5K | $205K | +9.9% |
| 3 Bedrooms | $327.7K | $350.6K | +7.0% |
| 4 Bedrooms | $400K | $406K | +1.5% |
| 5+ Bedrooms | $300K | $381K | +27.0% |
Summary: Ontelaunee Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| Leesport | $205K | $344.8K | +68.2% |
| Muhlenberg Township | $230K | $280K | +21.7% |
| Ontelaunee Township | $341.1K | $358.9K | +5.2% |
| Maidencreek Township | $330K | $320K | -3.0% |
Housing Supply in Ontelaunee Township, PA
How many homes are available in Ontelaunee Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Ontelaunee Township real estate market had 20 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ontelaunee Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ontelaunee Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Ontelaunee Township in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Ontelaunee Township, PA
How long does it take to sell a home in Ontelaunee Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 65 Days | +6.6% |
Summary: Homes in Ontelaunee Township had an average of 65 days on market in Mar 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ontelaunee Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Ontelaunee Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
