Is Penn Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
At the same time last year, Penn Township was a Seller's Market.
Key Takeaway
Penn 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 Township, PA cost?
Median Sold Price
$318,250
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$8,250(+2.7%)
Key Takeaway
Homes in Penn Township have sold for 2.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $92K | - | N/A |
| 2 Bedrooms | $251K | $286.7K | +14.2% |
| 3 Bedrooms | $277.5K | $299.9K | +8.1% |
| 4 Bedrooms | $375K | $409K | +9.1% |
| 5+ Bedrooms | $534.5K | $398.5K | -25.4% |
Median Sold Price Compared To Nearby Cities
| Cornwall | $275.2K | $351.4K | +27.7% |
| Rapho Township | $325.5K | $355K | +9.1% |
| Warwick Township | $330K | $360K | +9.1% |
| Manheim | $216K | $234.8K | +8.7% |
| Penn Township | $310K | $318.2K | +2.7% |
How many homes are available in Penn Township, PA?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 11 | 14 | +27.3% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 3 Days | 55 Days | +1733.3% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Penn Township has remained consistent over time.
