$120K  
There have been three homes sold in the Mount Penn market over the last 30 days, continuing a three-week downward trend. During the same period, there were nine new listings posted, the most since August. When comparing other close-by municipalities within the same period, the most came from Reading with 92 new listings. Potential buyers should note that prices went up in Mount Penn, with the median for this period rising from $111,450 to $153,000. The rise in sales and high seven months of remaining inventory tell us Mount Penn is a solid buyer's market.
Comments:

$450K  
Mount Penn has a cost of living adjustment score of 93.3, which is less expensive when compared to others in Pennsylvania. Also, the area is considered affluent with a median income of $50,534 per household. Mount Penn is made up of homes that are older than most with a median of 78 years. The top school in the city is Jacksonwald Elementary School.
Comments:

$450K  
Sales ticked up in the Mount Penn market to two homes sold over the last 30 days. But the market is also under a new downward trend in the number of contracts closing, with this week's number falling to four. The median sales price tumbled to $111,450, down from last week's $153,000. Even after the uptick in sales, an elevated 10 months of inventory tells us that Mount Penn is still a solid buyer's market.
Comments:

$450K  
The Mount Penn market remained slow with one home sold in the last 30 days, a 66.7% sales drop. On the other hand, close-by Reading registered 46 homes sold in the same time frame, the most of all surrounding cities. Prices are rising in Mount Penn, and the median sales price this period increased from $110,000 to $153,000. Mount Penn is a definite buyer's market, thanks to a big 20 months of inventory to choose from and a pullback in sales.
Comments:

$475K  
Home sales in the Mount Penn market dipped below its average sales volume for the prior 12-month period. In this week's report, they tumbled 50.0% to three homes sold over the last 30 days. Within the same time frame, Reading had 45 sales, the most of all cities in the area. The median sales price jumped to $110,000, up from last week's $71,500.
Comments:

$102K  
In this week's report, the number of homes sold in the Mount Penn market dropped to six over the past 30 days, a decrease of 14.3% from last week's report, but still above the monthly average. In comparison, nearby Reading had 47 sales in the same time frame, the most of all neighboring cities. Prices took a turn lower, with the median sales price falling to a three-month low at $71,500.
Comments:

$475K  
The Mount Penn market might be cooling off in the coming weeks. Sales fell this week to seven homes sold over the last 30 days, and there is a determined downward trend in the number of new listings, with four going live in the same time frame. As the weak new listing numbers suggest, months of inventory is on a four-week downward trend, this week hitting three months. Despite the slip in sales from last week to this week, the low inventory indicates that Mount Penn is still a seller's market.
Comments:

$115K  
Mount Penn is a larger than average city in Pennsylvania with a population of 3,106 residents, and it has a much higher than average density compared to the rest of the state, with 7,225.9 people per square mile. It should be noted that at 65.9%, most people own their homes in Mount Penn. Heading the list of top schools in the city is Jacksonwald Elementary School.
Comments:

$475K  
A record eight homes were sold in the Mount Penn market over the last 30 days, which is a new high going back to July. This is a 14.3% jump from the previous period. In comparison, Reading led all other nearby municipalities with 51 sales. Potential buyers should note that prices are coming down in Mount Penn, and for this period the median sales price slid from $95,900 to $83,950. With only three months of inventory and rising sales, Mount Penn is a seller's market.
Comments:

$115K  
The number of home sales in the Mount Penn market jumped 40.0% to seven homes over the last 30 days. At the same time, close-by Reading reported 55 home sales, the highest number from all the surrounding cities. The median sales price in Mount Penn stayed flat at $95,900 while months of inventory fell to four.
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