Is Long Pond, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Long Pond has remained a Buyer's Market.
Key Takeaway
Long Pond is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Long Pond, PA
How much do homes in Long Pond, PA cost?
Median Sold Price
$282,500
$196/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Long Pond have sold for 26.6% less than they did a month ago.
Summary: The median home sold price in Long Pond was $282,500 in May 2024, down 26.6% from last month, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $335K | $282.5K | -15.7% |
| 4 Bedrooms | $435K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Long Pond housing prices by bedroom type for May 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 decreased by 15.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pocono Summit | $323.5K | $311K | -3.9% |
| Long Pond | $385K | $282.5K | -26.6% |
Housing Supply in Long Pond, PA
How many homes are available in Long Pond, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Long Pond real estate market had 19 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Long Pond 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 increased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Long Pond, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Long Pond in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Long Pond, PA
How long does it take to sell a home in Long Pond, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 14 Days | -83.5% |
Summary: Homes in Long Pond had an average of 14 days on market in May 2024, down by 83.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Long Pond are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Long Pond; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
