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 buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Tower City was a Seller's Market.

Key Takeaway

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

Housing Prices in Tower City, PA

How much do homes in Tower City, PA cost?

Median Sold Price

$140,000

$60/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$79,500(-36.2%)

Key Takeaway

Homes in Tower City have sold for 36.2% less than they did a month ago.

Summary: The median home sold price in Tower City was $140,000 in October 2024, down 36.2% from last month, and the median price per square foot was $60.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $625K-
N/A
4 $180K$140K
-22.2%
5+ $217K-
N/A

Summary: Tower City housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes did not change.

Housing Supply in Tower City, PA

How many homes are available in Tower City, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The Tower City real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 01
+100.0%
3 78
+14.3%
4 42
-50.0%
5+ 22
0.0%

Summary: The Tower City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Tower City in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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

Sep 2024Oct 2024CHANGE
16 Days38 Days+126.9%

Summary: Homes in Tower City had an average of 38 days on market in Oct 2024, up by 126.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tower City has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Tower City; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Tower City, PA

Nearby Markets to Tower City, PA