Is Renfrew, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Renfrew is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Renfrew has remained a Buyer's Market.

Key Takeaway

Renfrew is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Renfrew, PA

How much do homes in Renfrew, PA cost?

Median Sold Price

$375,000

$262/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$101,668(-21.3%)

Key Takeaway

Homes in Renfrew have sold for 21.3% less than they did a month ago.

Summary: The median home sold price in Renfrew was $375,000 in February 2024, down 21.3% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $476.6K$375K
-21.3%
4 --
N/A
5+ --
N/A

Summary: Renfrew housing prices by bedroom type for February 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 decreased by 21.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Penn Township
+23.1%
Forward Township
+2.1%
Connoquenessing Township
-15.4%
Renfrew
-21.3%

Housing Supply in Renfrew, PA

How many homes are available in Renfrew, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1011+10.0%

Summary: The Renfrew real estate market had 11 homes for sale in February 2024, a 10.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 87
-12.5%
4 12
+100.0%
5+ 00
0.0%

Summary: The Renfrew housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Renfrew, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Renfrew in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Renfrew, PA

How long does it take to sell a home in Renfrew, PA?

Average Sale Time

Jan 2024Feb 2024CHANGE
22 Days43 Days+95.5%

Summary: Homes in Renfrew had an average of 43 days on market in Feb 2024, up by 95.5% compared to last month.

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 Renfrew has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Renfrew; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Renfrew, PA

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