Is Penn Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Penn Township was a Buyer's Market.
Key Takeaway
Penn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penn Township, PA
How much do homes in Penn Township, PA cost?
Median Sold Price
$301,975
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Penn Township have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Penn Township was $301,975 in April 2024, down 5.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $87.5K | $220.7K | +152.3% |
| 3 Bedrooms | $286K | $278.2K | -2.7% |
| 4 Bedrooms | $440K | $422.5K | -4.0% |
| 5+ Bedrooms | $627.6K | $505K | -19.5% |
Summary: Penn Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 152.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Renfrew | $301K | $394K | +30.9% |
| Butler Township | $221.7K | $213.2K | -3.8% |
| Penn Township | $320K | $301.9K | -5.6% |
Housing Supply in Penn Township, PA
How many homes are available in Penn Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Penn Township real estate market had 11 homes for sale in April 2024, a 57.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Penn Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Penn Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Penn Township, PA
How long does it take to sell a home in Penn Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 103 Days | +10.1% |
Summary: Homes in Penn Township had an average of 103 days on market in Apr 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Penn Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Penn Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
