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

Housing Market Conditions



Gauge showing Penn Forest Township is a buyer's market


Difference Since February 2022

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

Key Takeaway

Penn Forest Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Penn Forest Township, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in Penn Forest Township have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 --
2 $176K$215K
3 $245K$287.5K
4 $277K$410K
5+ $265K$340.5K

Median Sold Price Compared To Nearby Cities

Kidder Township
Penn Forest Township
Tunkhannock Township

How many homes are available in Penn Forest Township, PA?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 54
3 3937
4 1820
5+ 22

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Penn Forest Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
32 Days24 Days-24.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Penn Forest Township, PA

Penn Forest Township, PA has 63 homes for sale to choose from. The number of homes for sale in Penn Forest Township, PA decreased by 1.6% between January 2023 and February 2023. The median list price of listings available in February 2023 was $299,950, while the average time on the real estate market was 24 days. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 22.2%, prices of 3 bedrooms properties increased by 17.3%, 4 bedrooms properties prices increased by 48%, prices of 5 bedrooms properties went up by 28.5%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes became 20% less available, number of 3 bedrooms homes decreased by 5.1%, the quantity of 4 bedrooms homes went up by 11.1%, number of 5 bedrooms homes remained the same. Penn Forest Township, PA housing market in February 2023 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 4 sold below.

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