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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shamokin is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Shamokin was a Seller's Market.

Key Takeaway

Shamokin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Shamokin, PA

How much do homes in Shamokin, PA cost?

Median Sold Price

$60,000

$41/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,550(+26.4%)

Key Takeaway

Homes in Shamokin have sold for 26.4% more than they did a year ago.

Summary: The median home sold price in Shamokin was $60,000 in October 2024, up 26.4% from last year, and the median price per square foot was $41.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$43K
N/A
2 $26.5K$50K
+88.7%
3 $43K$59.5K
+38.4%
4 $43K$57K
+32.6%
5+ $60.2K$66K
+9.5%

Summary: Shamokin 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 88.7%, 3 bedroom homes increased by 38.4%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Cities

Coal Township
+40.5%
Shamokin
+26.4%

Housing Supply in Shamokin, PA

How many homes are available in Shamokin, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4349+14.0%

Summary: The Shamokin real estate market had 49 homes for sale in October 2024, a 14.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 2223
+4.5%
4 66
0.0%
5+ 1216
+33.3%

Summary: The Shamokin 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 increased by 33.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shamokin, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Shamokin in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Shamokin, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
93 Days42 Days-55.0%

Summary: Homes in Shamokin had an average of 42 days on market in Oct 2024, down by 55% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Shamokin; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Shamokin, PA

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