Is Honey Brook, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Honey Brook was a Seller's Market.
Key Takeaway
Honey Brook is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Honey Brook, PA
How much do homes in Honey Brook, PA cost?
Median Sold Price
$375,300
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Honey Brook have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Honey Brook was $375,300 in May 2024, up 3.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171K | $349.6K | +104.5% |
| 3 Bedrooms | $315K | $362.5K | +15.1% |
| 4 Bedrooms | $409.4K | $450K | +9.9% |
| 5+ Bedrooms | $560K | $623K | +11.3% |
Summary: Honey Brook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 104.5%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Honey Brook | $362.5K | $375.3K | +3.5% |
| Honey Brook Township | $389.9K | $400K | +2.6% |
Housing Supply in Honey Brook, PA
How many homes are available in Honey Brook, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The Honey Brook real estate market had 31 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Honey Brook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honey Brook, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Honey Brook in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Honey Brook, PA
How long does it take to sell a home in Honey Brook, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +11.6% |
Summary: Homes in Honey Brook had an average of 23 days on market in May 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Honey Brook are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Honey Brook; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
