Is Albrightsville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Albrightsville was a Seller's Market.
Key Takeaway
Albrightsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Albrightsville, PA
How much do homes in Albrightsville, PA cost?
Median Sold Price
$294,950
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Albrightsville have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Albrightsville was $294,950 in May 2024, down 1.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $219.7K | $191K | -13.1% |
| 3 Bedrooms | $284.4K | $290K | +1.9% |
| 4 Bedrooms | $400K | $394.9K | -1.3% |
| 5+ Bedrooms | $386K | $487.5K | +26.3% |
Summary: Albrightsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Penn Forest Township | $297K | $314K | +5.7% |
| Tunkhannock Township | $275K | $289.9K | +5.4% |
| Lake Harmony | $436.7K | $450K | +3.0% |
| Blakeslee | $275K | $272K | -1.1% |
| Albrightsville | $299.4K | $294.9K | -1.5% |
Housing Supply in Albrightsville, PA
How many homes are available in Albrightsville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 87 | +6.1% |
Summary: The Albrightsville real estate market had 87 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Albrightsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albrightsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Albrightsville in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Albrightsville, PA
How long does it take to sell a home in Albrightsville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 34 Days | +2.8% |
Summary: Homes in Albrightsville had an average of 34 days on market in May 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Albrightsville has remained consistent over time.
Summary: During May 2024, 12 homes were sold in Albrightsville; 42% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
