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Featured local agent — Penn, PA
Sarah Mitchell
Compass Real Estate · Penn, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Penn, PA Housing Market
The last median sale price Redfin published was $88,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 39 days, Penn is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $88,000 home is about $470/mo in principal and interest.
Key numbers for Penn, PA
Median sale price
$88,000
Last published period
Redfin, through September 2025
Days on market
39
Average pace
Redfin, through September 2025
Active listings
2
2.0 months of supply
Redfin, through September 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$70,833
Home costs 1.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
92.6%
Selling below asking
Redfin, through September 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Penn a buyer's or seller's market?
Penn, PA is a balanced market, based on 2.0 months of supply and homes selling in about 39 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Penn housing market data show?
Every row below is Redfin's final published month for Penn, PA. Redfin, through September 2025
| Metric | Value |
|---|---|
| Median sale price | $88,000 |
| Median price per sq ft | $18/sq ft |
| Median days on market | 39 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 92.6% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Penn is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Penn is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Penn home prices moved?
Across the 17 months we hold for Penn, PA, the median sale price rose 29.4%, from $68,000 in May 2021 to $88,000. 50.0% of Penn listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 92.6%. Watch those two together — they move before the median does.
Redfin, through September 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Penn?
Priced off the median sale price of $88,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $17,600 | $70,400 | $470/mo |
| 5% | $4,400 | $83,600 | $558/mo |
Redfin, through September 2025 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $470, that implies roughly $20,134 a year before you add taxes and insurance. The median household in Penn earns $70,833, about $50,699 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 1.2x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Penn in the next 12 months?
Tell us your timeline. We send the Penn market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Penn?
Zillow does not publish a rent index (ZORI) for Penn, PA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Penn?
Active listings in Penn, PA went from 5 in February 2022 to 2 in September 2025, a -60.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| March 2022 | 5 | 1 |
| May 2022 | 2 | not published |
| July 2022 | 1 | not published |
| March 2023 | 2 | not published |
| August 2023 | 1 | not published |
| December 2023 | 2 | 1 |
| April 2024 | 1 | 1 |
| May 2024 | 1 | not published |
| November 2024 | 1 | not published |
| April 2025 | 1 | not published |
| July 2025 | 1 | not published |
| September 2025 | 2 | not published |
Redfin, through September 2025
How does Penn compare to Pennsylvania and the U.S.?
Penn homes sell for $88,000 — 73% below the Pennsylvania median of $330,200. Against the national median of $410,700, Penn runs 79% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Penn, PA | $88,000 | not published | 39 days |
| Pennsylvania statewide | $330,200 | +5.3% | 30 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through September 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Penn
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 50.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $88 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $88,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Penn listing goes under contract in 39 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 92.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Penn varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Penn
There are currently 2 homes listed for sale in Penn, Pennsylvania.
Active listings
2
Homes on market
Avg. days on market
39
Days until sale
How much do homes cost in Penn by property type?
How the Penn, PA market breaks down across single-family homes, condos and townhouses. Redfin, through September 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $88,000 | $18/sq ft | 1 | 39 days |
Who lives in Penn?
American Community Survey estimates for Penn. U.S. Census ACS, 2023
Population
695
Households
220
Median income
$70,833/yr
Median age
25.4 years
Owner-occupied
72.3%
Median home value
$101,200
Median gross rent
$800/mo
Mean commute
24.6 min
72.3% of occupied homes in Penn are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Penn, PA?
Ordered by distance from Penn, not by size. Compare Penn side by side with any of them.
Penn housing market FAQ
Is Penn a buyer's or seller's market?
Penn, PA is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 39 days, and sellers getting 92.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Penn?
The median sale price in the last month Redfin published was $88,000, about $18 per square foot.
Is Penn cheaper than the rest of Pennsylvania?
Penn's median sale price of $88,000 is 73% lower than the Pennsylvania statewide median of $330,200, and 79% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Penn?
Homes in Penn, PA spent a median of 39 days on market before going under contract, versus 30 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Penn?
At the current 30-year fixed rate of 7.03%, 20% down on a $88,000 home is about $470 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $20,134 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $70,833.
Are home prices rising in Penn?
We do not hold a complete 12-month value series for Penn, PA yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Penn?
Penn ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Penn?
That depends on your timeline, not on a headline. What the data says today: Penn, PA is a balanced market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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