Is Logan, 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, Logan has remained a Neutral Market.
Key Takeaway
Logan 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 Logan, PA
How much do homes in Logan, PA cost?
Median Sold Price
$133,500
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Logan have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Logan was $133,500 in April 2024, up 6.8% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.2K | - | N/A |
| 2 Bedrooms | $105K | $110K | +4.8% |
| 3 Bedrooms | $125K | $131K | +4.8% |
| 4 Bedrooms | $130K | $179.9K | +38.4% |
| 5+ Bedrooms | $162.5K | $248.7K | +53.1% |
Summary: Logan 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 increased by 4.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes increased by 53.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Logan | $125K | $133.5K | +6.8% |
| Olney | $172.5K | $175K | +1.4% |
| Hunting Park | $91K | $80K | -12.1% |
Housing Supply in Logan, PA
How many homes are available in Logan, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 89 | -1.1% |
Summary: The Logan real estate market had 89 homes for sale in April 2024, a 1.1% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 58 | 58 | 0.0% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Logan 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Logan, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Logan in April 2024, up by 44.4% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Logan, PA
How long does it take to sell a home in Logan, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 30 Days | -26.0% |
Summary: Homes in Logan had an average of 30 days on market in Apr 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Logan are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Logan; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
