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 primary indicator of market value is the median sold price; recent transactions show 236,000, which should be treated as the representative recent sale pricing for SFR and condo properties in Irwin.
2. The median listing price is 375,000, creating a material gap versus the median sold price that may indicate pricing friction and seller expectations; combined with a median days on market of 215, this suggests slower sales velocity rather than rapid turnover.
3. Market-level signals are mixed: the price year-over-year trend is up while the market temperature is neutral (balanced conditions), and the median price per square foot sits at 198, supporting modest appreciation without overheating.
4. Financing and rental dynamics are a headwind for some buyers: interest rate pressure is described as elevated, rent year-over-year trend is down, and the median market rent is 1,150, which may constrain near-term investor upside and affect affordability for owner's financing decisions.

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.