Is Penbrook, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Penbrook has remained a Seller's Market.
Key Takeaway
Penbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penbrook, PA
How much do homes in Penbrook, PA cost?
Median Sold Price
$161,500
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Penbrook have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Penbrook was $161,500 in March 2024, up 8.2% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $149.7K | +7.0% |
| 3 Bedrooms | $148.5K | $140K | -5.7% |
| 4 Bedrooms | $150K | $200K | +33.3% |
| 5+ Bedrooms | - | $173.6K | N/A |
Summary: Penbrook 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 7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Susquehanna Township | $218.3K | $250K | +14.5% |
| Penbrook | $149.2K | $161.5K | +8.2% |
Housing Supply in Penbrook, PA
How many homes are available in Penbrook, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Penbrook real estate market had 10 homes for sale in March 2024, a 11.1% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Penbrook 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Penbrook, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Penbrook in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Penbrook, PA
How long does it take to sell a home in Penbrook, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 5 Days | -81.0% |
Summary: Homes in Penbrook had an average of 5 days on market in Mar 2024, down by 81% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penbrook are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Penbrook; 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.
