Is Penn 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 Township has remained a Seller's Market.
Housing Prices in Penn Township, PA
How much do homes in Penn Township, PA cost?
Median Sold Price
$275,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Penn Township was $275,000 in April 2024, up 3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | $135K | +63.6% |
2 Bedrooms | $164.9K | $178K | +7.9% |
3 Bedrooms | $260K | $274.9K | +5.8% |
4 Bedrooms | $392.4K | $335.5K | -14.5% |
5+ Bedrooms | $405K | $475K | +17.3% |
Summary: Penn Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.6%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
West Manheim Township | $289.9K | $358.2K | +23.6% |
Heidelberg Township | $311.5K | $351.4K | +12.8% |
Hanover | $243.9K | $274.9K | +12.7% |
Penn Township | $267K | $275K | +3.0% |
Conewago Township | $258K | $253K | -1.9% |
Housing Supply in Penn Township, PA
How many homes are available in Penn Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 99 | +12.5% |
Summary: The Penn Township real estate market had 99 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 59 | 65 | +10.2% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Penn Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 17 | -29.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Penn Township in April 2024, down by 29.2% month-over-month. Of the 17 sold homes, 35% were sold under asking, 41% were sold at asking, and 24% were sold over asking.
Days on Market for Penn Township, PA
How long does it take to sell a home in Penn Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 14 Days | -66.1% |
Summary: Homes in Penn Township had an average of 14 days on market in Apr 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Penn Township; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.