Is Wind Gap, 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, Wind Gap was a Neutral Market.
Key Takeaway
Wind Gap is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wind Gap, PA
How much do homes in Wind Gap, PA cost?
Median Sold Price
$315,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wind Gap have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Wind Gap was $315,500 in May 2024, up 16.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $227K | +26.1% |
| 2 Bedrooms | $220K | $272.4K | +23.8% |
| 3 Bedrooms | $275K | $300K | +9.1% |
| 4 Bedrooms | $290K | $513.5K | +77.1% |
| 5+ Bedrooms | $450K | $675K | +50.0% |
Summary: Wind Gap housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.1%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 77.1%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| Ross Township | $310K | $405K | +30.6% |
| Saylorsburg | $309.2K | $384.9K | +24.5% |
| Wind Gap | $270K | $315.5K | +16.9% |
| Plainfield Township | $289.9K | $305K | +5.2% |
Housing Supply in Wind Gap, PA
How many homes are available in Wind Gap, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Wind Gap real estate market had 9 homes for sale in May 2024, a 18.2% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 6 | 2 | -66.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Wind Gap 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 100%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wind Gap, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Wind Gap in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Wind Gap, PA
How long does it take to sell a home in Wind Gap, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 38 Days | -29.8% |
Summary: Homes in Wind Gap had an average of 38 days on market in May 2024, down by 29.8% 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
Key Takeaway
Many homes in Wind Gap are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Wind Gap; 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.
