Is Jim Thorpe, 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, Jim Thorpe has remained a Seller's Market.
Key Takeaway
Jim Thorpe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jim Thorpe, PA
How much do homes in Jim Thorpe, PA cost?
Median Sold Price
$276,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jim Thorpe have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in Jim Thorpe was $276,000 in April 2024, up 16.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.2K | - | N/A |
| 2 Bedrooms | $182.4K | $140K | -23.3% |
| 3 Bedrooms | $233.4K | $275K | +17.8% |
| 4 Bedrooms | $285.5K | $342.9K | +20.1% |
| 5+ Bedrooms | $210K | $385K | +83.3% |
Summary: Jim Thorpe 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 decreased by 23.3%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 83.3%.
Median Sold Price Compared To Nearby Cities
| Jim Thorpe | $236.9K | $276K | +16.5% |
| Mahoning Township | $260K | $299.9K | +15.3% |
| Nesquehoning | $155K | $160K | +3.2% |
| Franklin Township | $291.1K | $270K | -7.3% |
Housing Supply in Jim Thorpe, PA
How many homes are available in Jim Thorpe, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Jim Thorpe real estate market had 22 homes for sale in April 2024, a 12.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 0 | -100.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Jim Thorpe 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 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jim Thorpe, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Jim Thorpe in April 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Jim Thorpe, PA
How long does it take to sell a home in Jim Thorpe, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 20 Days | -73.4% |
Summary: Homes in Jim Thorpe had an average of 20 days on market in Apr 2024, down by 73.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jim Thorpe are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Jim Thorpe; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
