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 2023
At the same time last year, Penn Forest Township was a Neutral Market.
Housing Prices in Penn Forest Township, PA
How much do homes in Penn Forest Township, PA cost?
Median Sold Price
$302,750
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Penn Forest Township was $302,750 in February 2024, up 1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $188.5K | -12.3% |
3 Bedrooms | $285K | $299K | +4.9% |
4 Bedrooms | $410K | $374.9K | -8.6% |
5+ Bedrooms | $340.5K | $492.5K | +44.6% |
Summary: Penn Forest Township 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 decreased by 12.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 44.6%.
Median Sold Price Compared To Nearby Cities
Tunkhannock Township | $254.9K | $289.9K | +13.7% |
Kidder Township | $375K | $388.9K | +3.7% |
Penn Forest Township | $299.9K | $302.7K | +1.0% |
Albrightsville | $297K | $295.9K | -0.4% |
Housing Supply in Penn Forest Township, PA
How many homes are available in Penn Forest Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
67 | 80 | +19.4% |
Summary: The Penn Forest Township real estate market had 80 homes for sale in February 2024, a 19.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 33 | 41 | +24.2% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Penn Forest Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Penn Forest Township in February 2024, up by 60.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Penn Forest Township, PA
How long does it take to sell a home in Penn Forest Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
24 Days | 57 Days | +135.0% |
Summary: Homes in Penn Forest Township had an average of 57 days on market in Feb 2024, up by 135% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Penn Forest Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.