Is Tunkhannock Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tunkhannock Township was a Neutral Market.
Key Takeaway
Tunkhannock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tunkhannock Township, PA
How much do homes in Tunkhannock Township, PA cost?
Median Sold Price
$289,900
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Tunkhannock Township has remained the same since last year.
Summary: The median home sold price in Tunkhannock Township was $289,900 in April 2024, up 0.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $187K | -32.0% |
| 3 Bedrooms | $249.9K | $274.9K | +10.0% |
| 4 Bedrooms | $358.1K | $375.8K | +4.9% |
| 5+ Bedrooms | $500K | $452.5K | -9.5% |
Summary: Tunkhannock Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Albrightsville | $298K | $299.9K | +0.6% |
| Tunkhannock Township | $289K | $289.9K | 0.3% |
| Tobyhanna Township | $277.2K | $252.5K | -8.9% |
| Long Pond | $399.9K | $333K | -16.7% |
Housing Supply in Tunkhannock Township, PA
How many homes are available in Tunkhannock Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Tunkhannock Township real estate market had 15 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Tunkhannock Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tunkhannock Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Tunkhannock Township in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Tunkhannock Township, PA
How long does it take to sell a home in Tunkhannock Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 61 Days | +12.1% |
Summary: Homes in Tunkhannock Township had an average of 61 days on market in Apr 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tunkhannock Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Tunkhannock Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
