Is Penndel, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Penndel was a Buyer's Market.
Key Takeaway
Penndel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penndel, PA
How much do homes in Penndel, PA cost?
Median Sold Price
$472,500
$240/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Penndel have sold for 24.3% more than they did a month ago.
Summary: The median home sold price in Penndel was $472,500 in June 2024, up 24.3% from last month, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $380K | $450K | +18.4% |
| 4 Bedrooms | - | $663K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Penndel housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Penndel, PA
How many homes are available in Penndel, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Penndel real estate market had 7 homes for sale in June 2024, a 12.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Penndel housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penndel, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Penndel in June 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Penndel, PA
How long does it take to sell a home in Penndel, PA?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 15 Days | 6 Days | -56.7% |
Summary: Homes in Penndel had an average of 6 days on market in Jun 2024, down by 56.7% compared to last month.
Breakdown of Home Sale Times
4 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 Penndel are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 4 homes were sold in Penndel; 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.
