Is Tower City, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tower City is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Tower City, PA

How much do homes in Tower City, PA cost?

Median Sold Price

$160,500

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,237(+26.1%)

Key Takeaway

Homes in Tower City have sold for 26.1% more than they did a year ago.

Summary: The median home sold price in Tower City was $160,500 in November 2024, up 26.1% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$70K
N/A
2 $82K$212.4K
+159.1%
3 $145K$161K
+11.0%
4 $124.9K$140K
+12.0%
5+ $94.5K$224K
+137.0%

Summary: Tower City 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 159.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 137%.

Median Sold Price Compared To Nearby Cities

Tower City
+28.8%
Tower City
+26.1%

Housing Supply in Tower City, PA

How many homes are available in Tower City, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1518+20.0%

Summary: The Tower City real estate market had 18 homes for sale in November 2024, a 20.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 810
+25.0%
4 33
0.0%
5+ 23
+50.0%

Summary: The Tower City 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tower City, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Tower City in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Tower City, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
51 Days27 Days-46.6%

Summary: Homes in Tower City had an average of 27 days on market in Nov 2024, down by 46.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Tower City; 50% of homes were sold within 30 days, 50% 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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