Is Patton Township, 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, Patton Township has remained a Seller's Market.
Housing Prices in Patton Township, PA
How much do homes in Patton Township, PA cost?
Median Sold Price
$370,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Patton Township was $370,000 in May 2024, up 11.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232.2K | $200K | -13.9% |
2 Bedrooms | $214.7K | $247K | +15.0% |
3 Bedrooms | $334.9K | $330K | -1.5% |
4 Bedrooms | $315K | $505K | +60.3% |
5+ Bedrooms | $439K | $530K | +20.7% |
Summary: Patton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 60.3%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Cities
Julian | $161.6K | $190K | +17.6% |
Patton Township | $332.5K | $370K | +11.3% |
College Township | $374.5K | $390.4K | +4.3% |
Ferguson Township | $419.9K | $430K | +2.4% |
Housing Supply in Patton Township, PA
How many homes are available in Patton Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 36 | -18.2% |
Summary: The Patton Township real estate market had 36 homes for sale in May 2024, a 18.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 24 | 19 | -20.8% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Patton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Patton Township in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Patton Township, PA
How long does it take to sell a home in Patton Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 57 Days | +174.3% |
Summary: Homes in Patton Township had an average of 57 days on market in May 2024, up by 174.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Patton Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.