Is West Penn Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, West Penn Township was a Buyer's Market.
Housing Prices in West Penn Township, PA
How much do homes in West Penn Township, PA cost?
Median Sold Price
$310,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in West Penn Township was $310,000 in February 2024, up 16.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $215K | -4.4% |
3 Bedrooms | $242.5K | $310K | +27.8% |
4 Bedrooms | $259.5K | $340K | +31.0% |
5+ Bedrooms | $320K | $325K | +1.6% |
Summary: West Penn Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
West Penn Township | $266K | $310K | +16.5% |
Tamaqua | $119.9K | $136K | +13.4% |
Housing Supply in West Penn Township, PA
How many homes are available in West Penn Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Summary: The West Penn Township real estate market had 11 homes for sale in February 2024, a 21.4% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Penn Township 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in West Penn Township in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for West Penn Township, PA
How long does it take to sell a home in West Penn Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
62 Days | 13 Days | -79.0% |
Summary: Homes in West Penn Township had an average of 13 days on market in Feb 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in West Penn Township; 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.