Irwin, PA 15642 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market indicator, median sold price, is $225,000, which anchors valuation and reflects realized transaction levels for recent SFR and condo sales.
2. A median days on market of 46 days suggests stable to moderate transaction velocity, consistent with the market temperature being neutral rather than strongly favoring buyers or sellers.
3. There is a notable gap between the median listing price of $319,950 and the median sold price of $225,000, which may indicate pricing friction and elevated seller expectations relative to recent sale outcomes.
4. Rental dynamics show a median market rent of $1,100 and a rent year-over-year trend that is up, while interest rate pressure is elevated; current 30-year fixed mortgage rates are 6.78%, about 0.77% higher than the 2026 low of 6.01%, a combination that may support investor interest in rentals while tempering purchase demand.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.