Is Mount Carmel, 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, Mount Carmel has remained a Seller's Market.
Housing Prices in Mount Carmel, PA
How much do homes in Mount Carmel, PA cost?
Median Sold Price
$47,250
$42/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Carmel was $47,250 in May 2024, up 5% from last year, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $21K | - | N/A |
2 Bedrooms | $36.5K | $38K | +4.1% |
3 Bedrooms | $46K | $46K | 0.0% |
4 Bedrooms | $48.2K | $61.5K | +27.5% |
5+ Bedrooms | $81.2K | $72K | -11.4% |
Summary: Mount Carmel 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 increased by 4.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
Mount Carmel Township | $46K | $48.5K | +5.4% |
Mount Carmel | $45K | $47.2K | +5.0% |
Housing Supply in Mount Carmel, PA
How many homes are available in Mount Carmel, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 33 | -2.9% |
Summary: The Mount Carmel real estate market had 33 homes for sale in May 2024, a 2.9% decrease 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 | 7 | 12 | +71.4% |
3 Bedrooms | 17 | 12 | -29.4% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mount Carmel 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 increased by 71.4%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mount Carmel in May 2024, down by 45.5% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Mount Carmel, PA
How long does it take to sell a home in Mount Carmel, PA?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Mount Carmel; 33% 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.