Is Mount Pocono, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Pocono is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Mount Pocono has remained a Seller's Market.

Key Takeaway

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

How much do homes in Mount Pocono, PA cost?

Median Sold Price

$254,400

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$4,400(+1.8%)

Key Takeaway

Homes in Mount Pocono have sold for 1.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$123.5K
N/A
2 --
N/A
3 $223.7K$387K
+73.0%
4 $308.7K$291.9K
-5.4%
5+ -$250K
N/A

Median Sold Price Compared To Nearby Cities

Tobyhanna
+45.7%
Mount Pocono
+1.8%

How many homes are available in Mount Pocono, PA?

Number of Homes For Sale

Nov 2022Dec 2022%
53-40.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 00
0.0%
3 10
-100.0%
4 21
-50.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Pocono, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Dec 2021Dec 2022%
17 Days7 Days-58.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Mount Pocono, PA

Mount Pocono, PA has 3 homes on the market. The inventory of homes for sale in Mount Pocono, PA between November 2022 and December 2022 decreased by 40%. In December 2022, listings were on the market for 7 days. During the same period, the median list price in this real estate market was $254,400. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 73%, prices of 4 bedrooms properties decreased by 5.4%, prices of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went down by 100%, 4 bedrooms homes inventory decreased by 50%, 5 bedrooms homes inventory did not change. In December 2022, from all listings sold in Mount Pocono, PA there were more than 1 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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