Is Bangor, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bangor has remained a Seller's Market.
Key Takeaway
Bangor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bangor, PA
How much do homes in Bangor, PA cost?
Median Sold Price
$275,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bangor have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Bangor was $275,000 in April 2024, up 12.8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $219.5K | $202.5K | -7.7% |
| 3 Bedrooms | $238.4K | $262.5K | +10.1% |
| 4 Bedrooms | $290K | $437.5K | +50.9% |
| 5+ Bedrooms | $227.5K | $454K | +99.6% |
Summary: Bangor 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 7.7%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 50.9%, and 5+ bedroom homes increased by 99.6%.
Median Sold Price Compared To Nearby Cities
| Bangor | $243.8K | $275K | +12.8% |
| Washington Township | $240K | $225.8K | -5.9% |
| Roseto | $253K | $230.5K | -8.9% |
Housing Supply in Bangor, PA
How many homes are available in Bangor, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Summary: The Bangor real estate market had 40 homes for sale in April 2024, a 2.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Bangor 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 decreased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bangor, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bangor in April 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Bangor, PA
How long does it take to sell a home in Bangor, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 28 Days | -62.6% |
Summary: Homes in Bangor had an average of 28 days on market in Apr 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bangor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Bangor; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
