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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Penn Township is a buyer'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

# BEDSJan 2022Jan 2023%
1 $92K-
N/A
2 $251K$286.7K
+14.2%
3 $277.5K$299.9K
+8.1%
4 $375K$409K
+9.1%
5+ $534.5K$398.5K
-25.4%

Median Sold Price Compared To Nearby Cities

Cornwall
+27.7%
Rapho Township
+9.1%
Warwick Township
+9.1%
Manheim
+8.7%
Penn Township
+2.7%

How many homes are available in Penn Township, PA?

Number of Homes For Sale

Dec 2022Jan 2023%
1114+27.3%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 01
+100.0%
3 79
+28.6%
4 33
0.0%
5+ 11
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 2022Jan 2023%
3 Days55 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Penn Township has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Penn Township, PA

Penn Township, PA has 14 homes on the market. The number of listings in Penn Township, PA increased by 27.3% between December 2022 and January 2023. Listings spent 55 days on the market in January 2023, and had a median list price of $318,250 during the same period. Listing prices have changed in this real estate market between December 2022 and January 2023: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 14.2%, prices of 3 bedrooms properties increased by 8.1%, 4 bedrooms properties prices increased by 9.1%, prices of 5 bedrooms properties decreased by 25.4%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 100%, 3 bedrooms homes inventory increased by 28.6%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. Penn Township, PA housing market in January 2023 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 0 sold below.

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