Is Tower City, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tower City is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Tower City was a Seller's Market.

Key Takeaway

Tower City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tower City, PA

How much do homes in Tower City, PA cost?

Median Sold Price

$101,000

$39/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$31,000(+44.3%)

Key Takeaway

Homes in Tower City have sold for 44.3% more than they did a month ago.

Summary: The median home sold price in Tower City was $101,000 in February 2024, up 44.3% from last month, and the median price per square foot was $39.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $70K-
N/A
2 --
N/A
3 $161K-
N/A
4 $32K$101K
+215.6%
5+ --
N/A

Summary: Tower City housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 215.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tower City
+44.3%
Tower City
+44.3%
Porter Township
-16.9%

Housing Supply in Tower City, PA

How many homes are available in Tower City, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
15150.0%

Summary: The Tower City real estate market had 15 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 01
+100.0%
3 68
+33.3%
4 75
-28.6%
5+ 11
0.0%

Summary: The Tower City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tower City, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Tower City in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Tower City, PA

How long does it take to sell a home in Tower City, PA?

Average Sale Time

Jan 2024Feb 2024CHANGE
21 Days18 Days-13.3%

Summary: Homes in Tower City had an average of 18 days on market in Feb 2024, down by 13.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tower City are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Tower City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Tower City, PA

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