$2,611 Closing Credit*
$219,900
768 SqFt
3 Beds
•1 Full Bath
Listing Office: VRA Realty
Is Pocono Lake, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pocono Lake was a Seller's Market.
Key Takeaway
Pocono Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pocono Lake, PA
How much do homes in Pocono Lake, PA cost?
Median Sold Price
$277,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+3.0%)
Key Takeaway
Homes in Pocono Lake have sold for 3% more than they did a year ago.
Summary: The median home sold price in Pocono Lake was $277,000 in October 2024, up 3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $206K | $223K | +8.3% |
| 3 Bedrooms | $300K | $270K | -10.0% |
| 4 Bedrooms | $327K | $329.2K | +0.7% |
| 5+ Bedrooms | $417.5K | $480K | +15.0% |
Summary: Pocono Lake 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 8.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
| Tobyhanna Township | $249K | $274.4K | +10.2% |
| Pocono Lake | $269K | $277K | +3.0% |
Housing Supply in Pocono Lake, PA
How many homes are available in Pocono Lake, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 53 | -3.6% |
Summary: The Pocono Lake real estate market had 53 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 34 | 31 | -8.8% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pocono Lake 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 decreased by 50%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pocono Lake, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pocono Lake in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 110 Days | +264.1% |
Summary: Homes in Pocono Lake had an average of 110 days on market in Oct 2024, up by 264.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pocono Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Pocono Lake; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
