Is Lake Harmony, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lake Harmony has remained a Buyer's Market.
Housing Prices in Lake Harmony, PA
How much do homes in Lake Harmony, PA cost?
Median Sold Price
$450,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Harmony was $450,000 in May 2024, up 3% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $224.5K | N/A |
2 Bedrooms | $349K | $360K | +3.2% |
3 Bedrooms | $397.5K | $385K | -3.1% |
4 Bedrooms | $550K | $517K | -6.0% |
5+ Bedrooms | $622.5K | $655.5K | +5.3% |
Summary: Lake Harmony 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 increased by 3.2%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Lake Harmony | $436.7K | $450K | +3.0% |
Kidder Township | $390K | $391.9K | 0.5% |
Blakeslee | $275K | $272K | -1.1% |
Albrightsville | $299.4K | $294.9K | -1.5% |
Tobyhanna Township | $266K | $250K | -6.0% |
Housing Supply in Lake Harmony, PA
How many homes are available in Lake Harmony, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 50 | +19.0% |
Summary: The Lake Harmony real estate market had 50 homes for sale in May 2024, a 19.0% 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 | 8 | 0.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Lake Harmony 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 remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lake Harmony in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Lake Harmony, PA
How long does it take to sell a home in Lake Harmony, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 31 Days | +23.6% |
Summary: Homes in Lake Harmony had an average of 31 days on market in May 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Lake Harmony; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.