Is Penn Wynne, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Penn Wynne has remained a Seller's Market.
Key Takeaway
Penn Wynne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penn Wynne, PA
How much do homes in Penn Wynne, PA cost?
Median Sold Price
$455,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Penn Wynne have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Penn Wynne was $455,000 in April 2024, up 15.2% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $134K | -4.3% |
| 2 Bedrooms | $252K | $240K | -4.8% |
| 3 Bedrooms | $462K | $470K | +1.7% |
| 4 Bedrooms | $750K | $735K | -2.0% |
| 5+ Bedrooms | $824.5K | $927.5K | +12.5% |
Summary: Penn Wynne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Penn Wynne | $395K | $455K | +15.2% |
| Wynnewood | $875K | $950K | +8.6% |
| Ardmore | $469K | $492K | +4.9% |
| Overbrook | $215K | $216K | 0.5% |
| West Philadelphia | $188K | $175.1K | -6.9% |
Housing Supply in Penn Wynne, PA
How many homes are available in Penn Wynne, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Penn Wynne real estate market had 28 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Penn Wynne housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Wynne, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Penn Wynne in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for Penn Wynne, PA
How long does it take to sell a home in Penn Wynne, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 4 Days | -81.6% |
Summary: Homes in Penn Wynne had an average of 4 days on market in Apr 2024, down by 81.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penn Wynne are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Penn Wynne; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
