Is Penn Forest Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Penn Forest Township has remained a Seller's Market.
Housing Prices in Penn Forest Township, PA
How much do homes in Penn Forest Township, PA cost?
Median Sold Price
$315,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Penn Forest Township was $315,000 in April 2024, up 6.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $214.7K | $192K | -10.6% |
3 Bedrooms | $285K | $299.9K | +5.2% |
4 Bedrooms | $407.5K | $375K | -8.0% |
5+ Bedrooms | $359K | $417K | +16.2% |
Summary: Penn Forest Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Cities
Penn Forest Township | $296K | $315K | +6.4% |
Albrightsville | $298K | $299.9K | +0.6% |
Tunkhannock Township | $289K | $289.9K | 0.3% |
Kidder Township | $397K | $391.9K | -1.3% |
Housing Supply in Penn Forest Township, PA
How many homes are available in Penn Forest Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 74 | 0.0% |
Summary: The Penn Forest Township real estate market had 74 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 43 | 39 | -9.3% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Penn Forest Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Penn Forest Township in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Penn Forest Township, PA
How long does it take to sell a home in Penn Forest Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 46 Days | -32.0% |
Summary: Homes in Penn Forest Township had an average of 46 days on market in Apr 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Penn Forest Township; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.