Is Pocono Lake, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pocono Lake has remained a Seller's Market.
Housing Prices in Pocono Lake, PA
How much do homes in Pocono Lake, PA cost?
Median Sold Price
$280,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pocono Lake was $280,000 in April 2024, up 9.3% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $203K | $225K | +10.8% |
3 Bedrooms | $262K | $282K | +7.6% |
4 Bedrooms | $367.5K | $316.7K | -13.8% |
5+ Bedrooms | $564.5K | $455K | -19.4% |
Summary: Pocono Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
Pocono Lake | $256.2K | $280K | +9.3% |
Tobyhanna Township | $277.2K | $252.5K | -8.9% |
Housing Supply in Pocono Lake, PA
How many homes are available in Pocono Lake, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 40 | 0.0% |
Summary: The Pocono Lake real estate market had 40 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Pocono Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Pocono Lake in April 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Pocono Lake, PA
How long does it take to sell a home in Pocono Lake, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 59 Days | +230.2% |
Summary: Homes in Pocono Lake had an average of 59 days on market in Apr 2024, up by 230.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Pocono Lake; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.