$143 Closing Credit*
$12,000
Listing Office: Better Homes&Gardens RE Valley
Is Tobyhanna Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$274,400
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,400(+10.2%)
Key Takeaway
Homes in Tobyhanna Township have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Tobyhanna Township was $274,400 in October 2024, up 10.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $339.5K | N/A |
| 2 Bedrooms | $199.9K | $207.4K | +3.7% |
| 3 Bedrooms | $246K | $264.9K | +7.7% |
| 4 Bedrooms | $325K | $306.7K | -5.6% |
| 5+ Bedrooms | $330K | $420K | +27.3% |
Summary: Tobyhanna Township 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 3.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Cities
| Tobyhanna Township | $249K | $274.4K | +10.2% |
| Pocono Lake | $269K | $277K | +3.0% |
Housing Supply in Tobyhanna Township, PA
How many homes are available in Tobyhanna Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 142 | +4.4% |
Summary: The Tobyhanna Township real estate market had 142 homes for sale in October 2024, a 4.4% increase 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 76 | 76 | 0.0% |
| 4 Bedrooms | 33 | 39 | +18.2% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Tobyhanna Township 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 decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tobyhanna Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Tobyhanna Township in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 64 Days | +22.4% |
Summary: Homes in Tobyhanna Township had an average of 64 days on market in Oct 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tobyhanna Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Tobyhanna Township; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.