Home Values

Penn Township Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$150,300

  • 1.6% 1-year change
  • 5.2% 1-year forecast

The median home value in Penn Township is $150,300. Penn Township home values have gone up 1.6% over the past year and Zillow predicts they will rise 5.2% within the next year. The median list price per square foot in Penn Township is $126, which is higher than the Pittsburgh Metro average of $102. The median price of homes currently listed in Penn Township is $192,500 while the median price of homes that sold is $163,625.

Foreclosures will be a factor impacting home values in the next several years. In Penn Township 1.3 homes are foreclosed (per 10,000). This is lower than the Pittsburgh Metro value of 2.1 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Penn Township is 3.7%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Penn Township homeowners underwater on their mortgage is 15.0%, which is higher than Pittsburgh Metro at 10.6%.

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Relative ZHVI
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Penn Township Market Overview

Data through Aug 31, 2014
  • $150,300 ZHVI
  • 5.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $192,500 Median listing price
  • $163,625 Median sale price (Jul 31, 2014)
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Penn Township Market Health

Data through Aug 31, 2014
  • 7.0/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 15.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.3 homes(Jul 31, 2014) Penn Township
2.1 homes Pittsburgh Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Murrysville $199,300
Hempfield Township $140,200
Monroeville $138,300
Name Median ZHVI
North Huntingdon $132,800
Delmont $131,100
Manor $128,600
Name Median ZHVI
Irwin $108,900
Trafford $94,700
Jeannette $69,200

Listings & Sales

Data through Aug 31, 2014
  • $126 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 34.9% Listings with price cut
5.3%
Sold below listing
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Penn Township Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,133 Pittsburgh Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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