Is Mount Carmel, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mount Carmel has remained a Seller's Market.
Key Takeaway
Mount Carmel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Carmel, PA
How much do homes in Mount Carmel, PA cost?
Median Sold Price
$47,250
$42/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mount Carmel have sold for 5% more than they did a year ago.
Summary: The median home sold price in Mount Carmel was $47,250 in May 2024, up 5% from last year, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $21K | - | N/A |
| 2 Bedrooms | $36.5K | $38K | +4.1% |
| 3 Bedrooms | $46K | $46K | 0.0% |
| 4 Bedrooms | $48.2K | $61.5K | +27.5% |
| 5+ Bedrooms | $81.2K | $72K | -11.4% |
Summary: Mount Carmel 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 4.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Mount Carmel Township | $46K | $48.5K | +5.4% |
| Mount Carmel | $45K | $47.2K | +5.0% |
Housing Supply in Mount Carmel, PA
How many homes are available in Mount Carmel, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The Mount Carmel real estate market had 33 homes for sale in May 2024, a 2.9% decrease 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 | 7 | 12 | +71.4% |
| 3 Bedrooms | 17 | 12 | -29.4% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mount Carmel 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 increased by 71.4%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
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 Mount Carmel, 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 Mount Carmel in May 2024, down by 45.5% 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 Mount Carmel, PA
How long does it take to sell a home in Mount Carmel, PA?
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
Key Takeaway
Many homes in Mount Carmel are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Mount Carmel; 33% 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.
