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

Housing Market Conditions



Gauge showing Penn Township is a seller's market


Difference Since May 2022

Since last year, Penn Township has remained a Seller's Market.

Key Takeaway

Penn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Penn Township, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Penn Township have sold for 9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
2 $151.2K$108.6K
3 $246.5K$280K
4 $317.4K$371.5K
5+ $400K$531K

Median Sold Price Compared To Nearby Cities

Harrison City
Penn Township

How many homes are available in Penn Township, PA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 77
3 2325
4 1815
5+ 79

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Penn Township, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

How long does it take to sell a home in Penn Township, PA?

How long does it take to sell a home in Penn Township, PA?

Average Sale Time

May 2022May 2023%
35 Days18 Days-49.2%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Penn 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.

What housing markets are near Penn Township, PA?

About Penn Township, PA

Number of homes for sale in Penn Township, PA real estate market have reached 56. The inventory of homes for sale in Penn Township, PA between April 2023 and May 2023 increased by 1.8%. In May 2023, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $289,500. Real estate listing prices changed between April 2023 and May 2023: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went down by 28.2%, 3 bedrooms properties became 13.6% more expensive, 4 bedrooms properties became 17% more expensive, 5 bedrooms properties prices increased by 32.8%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went up by 8.7%, number of 4 bedrooms homes decreased by 16.7%, the quantity of 5 bedrooms homes went up by 28.6%. In May 2023, from all listings sold in Penn Township, PA there were more than 8 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price.