Is Summit Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Summit Hill was a Buyer's Market.
Key Takeaway
Summit Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summit Hill, PA
How much do homes in Summit Hill, PA cost?
Median Sold Price
$114,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Summit Hill have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Summit Hill was $114,000 in March 2024, up 14.2% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $86K | $158K | +83.7% |
| 3 Bedrooms | $95K | $116K | +22.1% |
| 4 Bedrooms | $118K | $95K | -19.5% |
| 5+ Bedrooms | $185K | $126K | -31.9% |
Summary: Summit Hill 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 83.7%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 31.9%.
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 Summit Hill, PA
How many homes are available in Summit Hill, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Summit Hill real estate market had 15 homes for sale in March 2024, a 11.8% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Summit Hill 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit Hill, 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 Summit Hill in March 2024, up by 150.0% 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 Summit Hill, PA
How long does it take to sell a home in Summit Hill, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 60 Days | +40.5% |
Summary: Homes in Summit Hill had an average of 60 days on market in Mar 2024, up by 40.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Summit Hill has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Summit Hill; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
