Is Mahanoy City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mahanoy City was a Neutral Market.
Key Takeaway
Mahanoy City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mahanoy City, PA
How much do homes in Mahanoy City, PA cost?
Median Sold Price
$46,500
$44/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Mahanoy City have sold for 41.9% less than they did a month ago.
Summary: The median home sold price in Mahanoy City was $46,500 in May 2024, down 41.9% from last month, and the median price per square foot was $44.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $17.5K | $46.5K | +165.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $90K | - | N/A |
Summary: Mahanoy City 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 increased by 165.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mahanoy City, PA
How many homes are available in Mahanoy City, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Mahanoy City real estate market had 18 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mahanoy City 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mahanoy City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mahanoy City in May 2024, down by 33.3% 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 Mahanoy City, PA
How long does it take to sell a home in Mahanoy City, PA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 Days | 10 Days | +275.0% |
Summary: Homes in Mahanoy City had an average of 10 days on market in May 2024, up by 275% 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 Mahanoy City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Mahanoy City; 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.
