Is Tobyhanna Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tobyhanna Township is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Tobyhanna Township, PA

How much do homes in Tobyhanna Township, PA cost?

Median Sold Price

$265,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+3.9%)

Key Takeaway

Homes in Tobyhanna Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Tobyhanna Township was $265,000 in November 2024, up 3.9% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$339.5K
N/A
2 $199.9K$207.4K
+3.7%
3 $248.2K$257.5K
+3.7%
4 $301K$315K
+4.7%
5+ $352.5K$408.5K
+15.9%

Summary: Tobyhanna Township 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 increased by 3.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Cities

Blakeslee
+4.5%
Tobyhanna Township
+3.9%
Pocono Lake
-1.1%

Housing Supply in Tobyhanna Township, PA

How many homes are available in Tobyhanna Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
123121-1.6%

Summary: The Tobyhanna Township real estate market had 121 homes for sale in November 2024, a 1.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 6362
-1.6%
4 3636
0.0%
5+ 1615
-6.3%

Summary: The Tobyhanna Township 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 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tobyhanna Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Tobyhanna Township in November 2024, down by 13.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.

Days on Market for Tobyhanna Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days66 Days+163.9%

Summary: Homes in Tobyhanna Township had an average of 66 days on market in Nov 2024, up by 163.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Tobyhanna Township; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% 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 17 Days Ago

Newest Listings in Tobyhanna Township, PA

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