Is Rhawnhurst, 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, Rhawnhurst has remained a Seller's Market.
Key Takeaway
Rhawnhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rhawnhurst, PA
How much do homes in Rhawnhurst, PA cost?
Median Sold Price
$305,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rhawnhurst have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Rhawnhurst was $305,000 in April 2024, up 1.7% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | $106K | +15.2% |
| 2 Bedrooms | $262.5K | $240K | -8.6% |
| 3 Bedrooms | $295K | $302.5K | +2.5% |
| 4 Bedrooms | $330K | $337.5K | +2.3% |
| 5+ Bedrooms | $381.5K | $397.5K | +4.2% |
Summary: Rhawnhurst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in Rhawnhurst, PA
How many homes are available in Rhawnhurst, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Summary: The Rhawnhurst real estate market had 34 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rhawnhurst housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rhawnhurst, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Rhawnhurst in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Rhawnhurst, PA
How long does it take to sell a home in Rhawnhurst, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 82 Days | +314.6% |
Summary: Homes in Rhawnhurst had an average of 82 days on market in Apr 2024, up by 314.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rhawnhurst are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Rhawnhurst; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
