Is Northeast, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Northeast has remained a Seller's Market.

Key Takeaway

Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northeast, PA

How much do homes in Northeast, PA cost?

Median Sold Price

$118,665

$80/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$1,417(+1.2%)

Key Takeaway

Homes in Northeast have sold for 1.2% more than they did a month ago.

Summary: The median home sold price in Northeast was $118,665 in November 2024, up 1.2% from last month, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $117.2K$120.5K
+2.8%
4 -$118.6K
N/A
5+ $122.5K-
N/A

Summary: Northeast housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Northeast, PA

How many homes are available in Northeast, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1715-11.8%

Summary: The Northeast real estate market had 15 homes for sale in November 2024, a 11.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 76
-14.3%
4 43
-25.0%
5+ 33
0.0%

Summary: The Northeast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Northeast in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Northeast, PA

How long does it take to sell a home in Northeast, PA?

Average Sale Time

Oct 2024Nov 2024CHANGE
39 Days101 Days+159.8%

Summary: Homes in Northeast had an average of 101 days on market in Nov 2024, up by 159.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northeast are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Northeast; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Northeast, PA

Nearby Markets to Northeast, PA