Is Tioga, 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, Tioga was a Seller's Market.
Key Takeaway
Tioga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tioga, PA
How much do homes in Tioga, PA cost?
Median Sold Price
$110,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tioga have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Tioga was $110,000 in May 2024, up 22.2% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $52K | $95K | +82.7% |
| 3 Bedrooms | $95.5K | $95K | -0.5% |
| 4 Bedrooms | $82.8K | $134.5K | +62.3% |
| 5+ Bedrooms | $100K | $160K | +60.0% |
Summary: Tioga 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 increased by 82.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 62.3%, and 5+ bedroom homes increased by 60%.
Median Sold Price Compared To Nearby Neighborhoods
| Tioga | $90K | $110K | +22.2% |
| Glenwood | $78.5K | $79K | +0.6% |
| Upper North Philadelphia | $89.4K | $82.5K | -7.7% |
| Hunting Park | $92K | $80K | -13.0% |
| Nicetown | $115K | $90K | -21.7% |
Housing Supply in Tioga, PA
How many homes are available in Tioga, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 80 | -1.2% |
Summary: The Tioga real estate market had 80 homes for sale in May 2024, a 1.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 38 | 41 | +7.9% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Tioga 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 40%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tioga, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Tioga in May 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Tioga, PA
How long does it take to sell a home in Tioga, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 76 Days | 85 Days | +11.3% |
Summary: Homes in Tioga had an average of 85 days on market in May 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tioga are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Tioga; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
