Is West Penn Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Penn Township is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, West Penn Township was a Buyer's Market.

Key Takeaway

West Penn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$43,950(+16.5%)

Key Takeaway

Homes in West Penn Township have sold for 16.5% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $225K$215K
-4.4%
3 $242.5K$310K
+27.8%
4 $259.5K$340K
+31.0%
5+ $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
+16.5%
Tamaqua
+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 2024Feb 2024CHANGE
1411-21.4%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 54
-20.0%
4 86
-25.0%
5+ 00
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 2024Feb 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Penn Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
62 Days13 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Penn Township are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 18 Days Ago

Newest Listings in West Penn Township, PA

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