$1,483 Closing Credit*
$124,900
1,200 SqFt
2 Beds
•1 Full Bath
Jonathan Campbell, Listing Office: Real of Pennsylvania
Is Summit Hill, 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, Summit Hill has remained a Seller's Market.
Key Takeaway
Summit Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summit Hill, PA
How much do homes in Summit Hill, PA cost?
Median Sold Price
$130,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+15.0%)
Key Takeaway
Homes in Summit Hill have sold for 15% more than they did a year ago.
Summary: The median home sold price in Summit Hill was $130,000 in October 2024, up 15% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $136K | $107.5K | -21.0% |
| 3 Bedrooms | $111.5K | $130K | +16.6% |
| 4 Bedrooms | $95K | $143K | +50.5% |
| 5+ Bedrooms | $164.9K | $129.2K | -21.6% |
Summary: Summit Hill 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 decreased by 21%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 50.5%, and 5+ bedroom homes decreased by 21.6%.
Median Sold Price Compared To Nearby Cities
| Summit Hill | $113K | $130K | +15.0% |
| Lansford | $76K | $85K | +11.8% |
| Mahoning Township | $275.4K | $301K | +9.3% |
| Jim Thorpe | $268K | $286K | +6.7% |
| Nesquehoning | $155K | $159.9K | +3.2% |
Housing Supply in Summit Hill, PA
How many homes are available in Summit Hill, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Summit Hill real estate market had 27 homes for sale in October 2024, a 6.9% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Summit Hill 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 increased by 8.3%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit Hill, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Summit Hill in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Summit Hill, PA
How long does it take to sell a home in Summit Hill, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -5.6% |
Summary: Homes in Summit Hill had an average of 14 days on market in Oct 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
7 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 Summit Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Summit Hill; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
