Is Jim Thorpe, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jim Thorpe was a Seller's Market.
Key Takeaway
Jim Thorpe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jim Thorpe, PA
How much do homes in Jim Thorpe, PA cost?
Median Sold Price
$276,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jim Thorpe have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Jim Thorpe was $276,000 in May 2024, up 6.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188.7K | - | N/A |
| 2 Bedrooms | $210K | $140K | -33.3% |
| 3 Bedrooms | $270K | $270.5K | 0.2% |
| 4 Bedrooms | $289K | $340K | +17.6% |
| 5+ Bedrooms | $167.5K | $385K | +129.9% |
Summary: Jim Thorpe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 129.9%.
Median Sold Price Compared To Nearby Cities
| Mahoning Township | $267.5K | $300K | +12.1% |
| Jim Thorpe | $260K | $276K | +6.2% |
| Nesquehoning | $155K | $149.9K | -3.3% |
| Franklin Township | $274.9K | $250K | -9.1% |
Housing Supply in Jim Thorpe, PA
How many homes are available in Jim Thorpe, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 38 | +52.0% |
Summary: The Jim Thorpe real estate market had 38 homes for sale in May 2024, a 52.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 24 | +50.0% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Jim Thorpe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jim Thorpe, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Jim Thorpe in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Jim Thorpe, PA
How long does it take to sell a home in Jim Thorpe, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 45 Days | +290.8% |
Summary: Homes in Jim Thorpe had an average of 45 days on market in May 2024, up by 290.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jim Thorpe has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Jim Thorpe; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
