Is Tunkhannock Township, 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, Tunkhannock Township was a Seller's Market.
Housing Prices in Tunkhannock Township, PA
How much do homes in Tunkhannock Township, PA cost?
Median Sold Price
$289,900
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Tunkhannock Township was $289,900 in February 2024, up 13.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $211.2K | $180K | -14.8% |
3 Bedrooms | $243K | $275K | +13.2% |
4 Bedrooms | $358.1K | $366.6K | +2.4% |
5+ Bedrooms | - | $477.5K | N/A |
Summary: Tunkhannock Township 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 decreased by 14.8%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Tunkhannock Township | $254.9K | $289.9K | +13.7% |
Albrightsville | $297K | $295.9K | -0.4% |
Tobyhanna Township | $275K | $250K | -9.1% |
Long Pond | $392.9K | $300.7K | -23.5% |
Housing Supply in Tunkhannock Township, PA
How many homes are available in Tunkhannock Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The Tunkhannock Township real estate market had 19 homes for sale in February 2024, a 5.0% 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 | 3 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Tunkhannock Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Tunkhannock Township in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Tunkhannock Township, PA
How long does it take to sell a home in Tunkhannock Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
80 Days | 86 Days | +8.1% |
Summary: Homes in Tunkhannock Township had an average of 86 days on market in Feb 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Tunkhannock Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.