Is Tunkhannock Township, 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, 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
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tunkhannock Township was $289,900 in May 2024, up 5.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $227.5K | $194K | -14.7% |
3 Bedrooms | $249.9K | $274.9K | +10.0% |
4 Bedrooms | $388K | $366.6K | -5.5% |
5+ Bedrooms | $433.5K | $455K | +5.0% |
Summary: Tunkhannock Township 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 14.7%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Tunkhannock Township | $275K | $289.9K | +5.4% |
Blakeslee | $275K | $272K | -1.1% |
Albrightsville | $299.4K | $294.9K | -1.5% |
Tobyhanna Township | $266K | $250K | -6.0% |
Housing Supply in Tunkhannock Township, PA
How many homes are available in Tunkhannock Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The Tunkhannock Township real estate market had 16 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 | 10 | -9.1% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tunkhannock Township 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 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Tunkhannock Township in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 8 Days | -57.1% |
Summary: Homes in Tunkhannock Township had an average of 8 days on market in May 2024, down by 57.1% compared to last year.
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
Summary: During May 2024, 2 homes were sold in Tunkhannock Township; 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.