$1,543 Closing Credit*
$129,900
1,144 SqFt
3 Beds
•1 Full Bath
Listing Office: TNT Premier Real Estate
Is Summit Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Summit Hill was a Seller's Market.
Key Takeaway
Summit Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 November 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 November 2024, up 15% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $136K | $118.7K | -12.7% |
| 3 Bedrooms | $113K | $130K | +15.0% |
| 4 Bedrooms | $95K | $143K | +50.5% |
| 5+ Bedrooms | $164.9K | $129.2K | -21.6% |
Summary: Summit Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 15%, 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% |
| Mahoning Township | $296K | $324.9K | +9.8% |
| Lansford | $78.5K | $85.5K | +8.9% |
| Jim Thorpe | $275K | $287K | +4.4% |
| Nesquehoning | $160K | $159.9K | 0% |
Housing Supply in Summit Hill, PA
How many homes are available in Summit Hill, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 17 | -34.6% |
Summary: The Summit Hill real estate market had 17 homes for sale in November 2024, a 34.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 6 | -53.8% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Summit Hill 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 53.8%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 2 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Summit Hill in November 2024, down by 83.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 53 Days | +26.2% |
Summary: Homes in Summit Hill had an average of 53 days on market in Nov 2024, up by 26.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Summit Hill has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Summit Hill; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
