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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thompsontown is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Thompsontown has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Thompsontown, PA

How much do homes in Thompsontown, PA cost?

Median Sold Price

$187,500

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,500(+15.7%)

Key Takeaway

Homes in Thompsontown have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Thompsontown was $187,500 in October 2024, up 15.7% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $233.5K$206.2K
-11.7%
3 $189.9K$153.4K
-19.2%
4 $162K$186K
+14.8%
5+ --
N/A

Summary: Thompsontown 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 11.7%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes did not change.

Housing Supply in Thompsontown, PA

How many homes are available in Thompsontown, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
35+66.7%

Summary: The Thompsontown real estate market had 5 homes for sale in October 2024, a 66.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 12
+100.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Thompsontown 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 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thompsontown, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Thompsontown in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Thompsontown, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days4 Days-75.0%

Summary: Homes in Thompsontown had an average of 4 days on market in Oct 2024, down by 75% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Thompsontown; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

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