Penn Forest Township Housing Market Report December 2024•Carbon County, Pennsylvania

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Housing Prices in Penn Forest Township, PA

How much do homes in Penn Forest Township, PA cost?

Housing Market Conditions

Is Penn Forest Township, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Penn Forest Township is a Neutral Market

Difference Since December 2023

At the same time last year, Penn Forest Township was a Seller's Market.

Insight

Penn Forest Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$310,000$190/SqFt
+$10,000
+3.3%

Based on all homes sold in the last 12 months

Insight

Homes in Penn Forest Township have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Penn Forest Township was $310,000 in December 2024, up 3.3% from last year, and the median price per square foot was $190.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Tunkhannock Township
+5.9%
Penn Forest Township
+3.3%
Albrightsville
0.0%
Kidder Township
-1.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1-$237.5K
N/A
2$192K$220K
+14.6%
3$299.9K$300K
0.0%
4$358.8K$380K
+5.9%
5$492.5K$399.9K
-18.8%

Summary: Penn Forest Township housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +14.6%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +5.9%. The home price for 5 bedroom homes decreased by -18.8%.

Housing supply in Penn Forest Township, PA

How many homes are available in Penn Forest Township, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
112Last MonthDec 2024
1182 months agoNov 2024
-5.1 %
Change MoMNov – Dec

Summary: The Penn Forest Township real estate market had 112 homes for sale in Dec 2024, a 5.1 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
17Last MonthDec 2024
112 months agoNov 2024
+54.5 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
21413
-7.1%
36263
+1.6%
42924
-17.2%
51312
-7.7%

Summary: Penn Forest Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -7.1%. The inventory for 3 bedroom homes increased by +1.6%. The inventory for 4 bedroom homes decreased by -17.2%. The inventory for 5 bedroom homes decreased by -7.7%.

Asking Price vs. Sold Price

How much do homes in Penn Forest Township, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price15 Homes

Insight

If you're buying a home in Penn Forest Township, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Penn Forest Township in December 2024, up by 54.5% month-over-month. Of the 17 sold homes, 88% were sold under asking, 12% were sold at asking, and and 0% 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?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days4 Homes

Over 90 Days8 Homes

Insight

Most homes in Penn Forest Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 17 homes were sold in Penn Forest Township; 29% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
85 DaysThis YearDec 2024
50 Days1 year agoDec 2023
+67.8 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Penn Forest Township had an average listing age of 85 days in Dec 2024, up by 67.8% compared to the previous year.

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Newest Listings in Penn Forest Township, PA

What homes are available in Penn Forest Township, PA?

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MLS Disclaimers and Copyright

Based on information from Greater Lehigh Valley MLS, BrightMLS, Pike/Wayne Association of Realtors MLS, and West Branch Valley Association of Realtors MLS for the period 01/01/2023 - 01/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. The MLS Listing Information has not been verified and is not guaranteed by MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lehigh Valley REALTORS® All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 3:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Pike Wayne Association of REALTORS MLS. Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 3:16:12 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 West Branch Valley Association of Realtors. All rights reserved. The listing information has been made available by the MLS and may not be the listing of the provider. All information deemed reliable, though not guaranteed. All measurements are approximate.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 3:16:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.