Is Tobyhanna Township, 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, Tobyhanna Township has remained a Buyer's Market.
Key Takeaway
Tobyhanna Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tobyhanna Township, PA
How much do homes in Tobyhanna Township, PA cost?
Median Sold Price
$255,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tobyhanna Township have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Tobyhanna Township was $255,000 in March 2024, down 7.3% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175.7K | $203K | +15.5% |
| 3 Bedrooms | $266K | $250K | -6.0% |
| 4 Bedrooms | $383.6K | $285.5K | -25.6% |
| 5+ Bedrooms | $425K | $375K | -11.8% |
Summary: Tobyhanna Township 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 15.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Cities
| Pocono Lake | $256.2K | $280K | +9.3% |
| Blakeslee | $275K | $281.2K | +2.3% |
| Tobyhanna Township | $275K | $255K | -7.3% |
Housing Supply in Tobyhanna Township, PA
How many homes are available in Tobyhanna Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 124 | 132 | +6.5% |
Summary: The Tobyhanna Township real estate market had 132 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 70 | 67 | -4.3% |
| 4 Bedrooms | 32 | 38 | +18.8% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Tobyhanna Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tobyhanna Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Tobyhanna Township in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for Tobyhanna Township, PA
How long does it take to sell a home in Tobyhanna Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 39 Days | +6.1% |
Summary: Homes in Tobyhanna Township had an average of 39 days on market in Mar 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tobyhanna Township has remained consistent over time.
Summary: During March 2024, 16 homes were sold in Tobyhanna Township; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
