Is Nesquehoning, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Nesquehoning has remained a Seller's Market.
Key Takeaway
Nesquehoning is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nesquehoning, PA
How much do homes in Nesquehoning, PA cost?
Median Sold Price
$160,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nesquehoning have sold for 9% more than they did a year ago.
Summary: The median home sold price in Nesquehoning was $160,000 in March 2024, up 9% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $82.5K | $90.9K | +10.2% |
| 3 Bedrooms | $118.9K | $160K | +34.6% |
| 4 Bedrooms | $210K | $297.5K | +41.7% |
| 5+ Bedrooms | $205K | $90.5K | -55.9% |
Summary: Nesquehoning housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 34.6%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 55.9%.
Median Sold Price Compared To Nearby Cities
| Jim Thorpe | $230K | $276K | +20.0% |
| Summit Hill | $99.8K | $114K | +14.2% |
| Nesquehoning | $146.7K | $160K | +9.0% |
Housing Supply in Nesquehoning, PA
How many homes are available in Nesquehoning, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Nesquehoning real estate market had 22 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nesquehoning housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nesquehoning, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Nesquehoning in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Nesquehoning, PA
How long does it take to sell a home in Nesquehoning, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 43 Days | -27.4% |
Summary: Homes in Nesquehoning had an average of 43 days on market in Mar 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
3 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 Nesquehoning are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Nesquehoning; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
