Is Tobyhanna, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Tobyhanna was a Seller's Market.
Housing Prices in Tobyhanna, PA
How much do homes in Tobyhanna, PA cost?
Median Sold Price
$245,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Tobyhanna was $245,000 in February 2024, up 1.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $192.7K | $199.9K | +3.8% |
3 Bedrooms | $222.5K | $245K | +10.1% |
4 Bedrooms | $295K | $255K | -13.6% |
5+ Bedrooms | $250K | $325K | +30.0% |
Summary: Tobyhanna housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
Tobyhanna | $241K | $245K | +1.7% |
Coolbaugh Township | $247.5K | $250K | +1.0% |
Housing Supply in Tobyhanna, PA
How many homes are available in Tobyhanna, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
82 | 79 | -3.7% |
Summary: The Tobyhanna real estate market had 79 homes for sale in February 2024, a 3.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 52 | 50 | -3.8% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Tobyhanna 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 increased by 33.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Tobyhanna in February 2024, down by 14.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Tobyhanna, PA
How long does it take to sell a home in Tobyhanna, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
56 Days | 67 Days | +19.6% |
Summary: Homes in Tobyhanna had an average of 67 days on market in Feb 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in Tobyhanna; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.