Is Tobyhanna 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, Tobyhanna Township was a Seller's Market.
Housing Prices in Tobyhanna Township, PA
How much do homes in Tobyhanna Township, PA cost?
Median Sold Price
$250,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tobyhanna Township was $250,000 in May 2024, down 6% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200.9K | $195K | -3.0% |
3 Bedrooms | $255K | $249K | -2.4% |
4 Bedrooms | $320K | $310K | -3.1% |
5+ Bedrooms | $380K | $330K | -13.2% |
Summary: Tobyhanna 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 3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
Pocono Lake | $255K | $280K | +9.8% |
Blakeslee | $275K | $272K | -1.1% |
Tobyhanna Township | $266K | $250K | -6.0% |
Housing Supply in Tobyhanna Township, PA
How many homes are available in Tobyhanna Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
116 | 124 | +6.9% |
Summary: The Tobyhanna Township real estate market had 124 homes for sale in May 2024, a 6.9% increase 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 | 10 | 12 | +20.0% |
3 Bedrooms | 68 | 72 | +5.9% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Tobyhanna 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 20%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Tobyhanna Township in May 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for Tobyhanna Township, PA
How long does it take to sell a home in Tobyhanna Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 26 Days | -14.3% |
Summary: Homes in Tobyhanna Township had an average of 26 days on market in May 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Tobyhanna Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.