Is Tamaqua, 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, Tamaqua has remained a Seller's Market.
Key Takeaway
Tamaqua is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tamaqua, PA
How much do homes in Tamaqua, PA cost?
Median Sold Price
$143,750
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tamaqua have sold for 31.9% more than they did a year ago.
Summary: The median home sold price in Tamaqua was $143,750 in March 2024, up 31.9% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $73K | $130K | +77.9% |
| 3 Bedrooms | $108K | $140K | +29.6% |
| 4 Bedrooms | $126.5K | $141.7K | +12.1% |
| 5+ Bedrooms | $161K | $175K | +8.7% |
Summary: Tamaqua 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 77.9%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Tamaqua | $109K | $143.7K | +31.9% |
| Coaldale | $83K | $84K | +1.2% |
Housing Supply in Tamaqua, PA
How many homes are available in Tamaqua, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The Tamaqua real estate market had 44 homes for sale in March 2024, a 8.3% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 27 | 20 | -25.9% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Tamaqua 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 decreased by 25%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tamaqua, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Tamaqua in March 2024, the same as the previous month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Tamaqua, PA
How long does it take to sell a home in Tamaqua, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 39 Days | +93.2% |
Summary: Homes in Tamaqua had an average of 39 days on market in Mar 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tamaqua are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Tamaqua; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
