$143 Closing Credit*
$12,000
Listing Office: Better Homes&Gardens RE Valley
Is Jim Thorpe, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$286,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+6.7%)
Key Takeaway
Homes in Jim Thorpe have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Jim Thorpe was $286,000 in October 2024, up 6.7% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | $169.9K | $196.2K | +15.5% |
| 3 Bedrooms | $275K | $276K | 0.4% |
| 4 Bedrooms | $292K | $339.5K | +16.3% |
| 5+ Bedrooms | $210K | $396.4K | +88.8% |
Summary: Jim Thorpe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 88.8%.
Median Sold Price Compared To Nearby Cities
| Mahoning Township | $275.4K | $301K | +9.3% |
| Jim Thorpe | $268K | $286K | +6.7% |
| Nesquehoning | $155K | $159.9K | +3.2% |
| Franklin Township | $269.9K | $264K | -2.2% |
Housing Supply in Jim Thorpe, PA
How many homes are available in Jim Thorpe, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 54 | -3.6% |
Summary: The Jim Thorpe real estate market had 54 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 17 | 12 | -29.4% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Jim Thorpe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 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. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Jim Thorpe in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 69% were sold under asking, 0% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 28 Days | -29.5% |
Summary: Homes in Jim Thorpe had an average of 28 days on market in Oct 2024, down by 29.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jim Thorpe are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Jim Thorpe; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
