Is Penn Forest Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
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
$299,950
$170/sqft
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
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176K | $215K | +22.2% |
| 3 Bedrooms | $245K | $287.5K | +17.3% |
| 4 Bedrooms | $277K | $410K | +48.0% |
| 5+ Bedrooms | $265K | $340.5K | +28.5% |
Median Sold Price Compared To Nearby Cities
| Kidder Township | $309.7K | $400K | +29.1% |
| Albrightsville | $240.4K | $300.4K | +25.0% |
| Penn Forest Township | $249.9K | $299.9K | +20.0% |
| Tunkhannock Township | $227.5K | $260K | +14.3% |
How many homes are available in Penn Forest Township, PA?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 64 | 63 | -1.6% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 39 | 37 | -5.1% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2022 | Feb 2023 | % |
|---|---|---|
| 32 Days | 24 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
Key Takeaway
Many homes in Penn Forest Township are selling fast, if you're buying plan to act quickly.
