Is Mahoning Township, 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, Mahoning Township was a Seller's Market.
Key Takeaway
Mahoning Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mahoning Township, PA
How much do homes in Mahoning Township, PA cost?
Median Sold Price
$300,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mahoning Township have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Mahoning Township was $300,000 in May 2024, up 12.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $220K | -13.7% |
| 3 Bedrooms | $300K | $300K | 0.0% |
| 4 Bedrooms | $247.7K | $330K | +33.2% |
| 5+ Bedrooms | $313.9K | $387.4K | +23.4% |
Summary: Mahoning Township 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 13.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Mahoning Township | $267.5K | $300K | +12.1% |
| Lehighton | $233.8K | $250K | +6.9% |
| Franklin Township | $274.9K | $250K | -9.1% |
Housing Supply in Mahoning Township, PA
How many homes are available in Mahoning Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Mahoning Township real estate market had 12 homes for sale in May 2024, a 14.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Mahoning Township 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 decreased by 14.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mahoning Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mahoning Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mahoning Township, PA
How long does it take to sell a home in Mahoning Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 96 Days | +1967.9% |
Summary: Homes in Mahoning Township had an average of 96 days on market in May 2024, up by 1967.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mahoning Township has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Mahoning Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
