Is Mahanoy City, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mahanoy City is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Mahanoy City was a Buyer's Market.

Key Takeaway

Mahanoy City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mahanoy City, PA

How much do homes in Mahanoy City, PA cost?

Median Sold Price

$65,000

$55/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$50,000(+333.3%)

Key Takeaway

Homes in Mahanoy City have sold for 333.3% more than they did a month ago.

Summary: The median home sold price in Mahanoy City was $65,000 in February 2024, up 333.3% from last month, and the median price per square foot was $55.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$36K
N/A
3 $30K$80K
+166.7%
4 $7K$65K
+828.6%
5+ $15K$65.5K
+336.7%

Summary: Mahanoy City housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 166.7%, 4 bedroom homes increased by 828.6%, and 5+ bedroom homes increased by 336.7%.

Housing Supply in Mahanoy City, PA

How many homes are available in Mahanoy City, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
27270.0%

Summary: The Mahanoy City real estate market had 27 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 710
+42.9%
4 97
-22.2%
5+ 76
-14.3%

Summary: The Mahanoy City housing inventory by bedroom type for February 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 42.9%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mahanoy City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mahanoy City in February 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mahanoy City, PA

How long does it take to sell a home in Mahanoy City, PA?

Average Sale Time

Jan 2024Feb 2024CHANGE
22 Days68 Days+206.3%

Summary: Homes in Mahanoy City had an average of 68 days on market in Feb 2024, up by 206.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mahanoy City are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in Mahanoy City; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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