Is Kempton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kempton was a Seller's Market.
Key Takeaway
Kempton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kempton, PA
How much do homes in Kempton, PA cost?
Median Sold Price
$332,850
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kempton have sold for 11.2% less than they did a year ago.
Summary: The median home sold price in Kempton was $332,850 in May 2024, down 11.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $182K | N/A |
| 3 Bedrooms | $340K | $332.8K | -2.1% |
| 4 Bedrooms | $375K | $477.5K | +27.3% |
| 5+ Bedrooms | $470K | $340K | -27.7% |
Summary: Kempton 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 did not change, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 27.7%.
Median Sold Price Compared To Nearby Cities
| Lynn Township | $323K | $332.8K | +3.0% |
| Weisenberg Township | $563.5K | $552.5K | -2.0% |
| Kempton | $375K | $332.8K | -11.2% |
| New Tripoli | $434.9K | $350K | -19.5% |
| Albany Township | $375.5K | $262.5K | -30.1% |
Housing Supply in Kempton, PA
How many homes are available in Kempton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Summary: The Kempton real estate market had 9 homes for sale in May 2024, a 125.0% increase 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 6 | +200.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kempton 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 decreased by 100%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kempton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Kempton in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Kempton, PA
How long does it take to sell a home in Kempton, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 142 Days | 3 Days | -97.9% |
Summary: Homes in Kempton had an average of 3 days on market in May 2024, down by 97.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kempton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Kempton; 100% 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.
