Is Tower City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tower City has remained a Seller's Market.
Housing Prices in Tower City, PA
How much do homes in Tower City, PA cost?
Median Sold Price
$142,500
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tower City was $142,500 in May 2024, up 18.8% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $70K | N/A |
2 Bedrooms | $99.5K | $125K | +25.6% |
3 Bedrooms | $124.6K | $156K | +25.2% |
4 Bedrooms | $107.5K | $129.9K | +20.8% |
5+ Bedrooms | $113K | $99K | -12.4% |
Summary: Tower City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 12.4%.
Housing Supply in Tower City, PA
How many homes are available in Tower City, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Summary: The Tower City real estate market had 14 homes for sale in May 2024, a 17.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tower City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Tower City in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 10 Days | -6.1% |
Summary: Homes in Tower City had an average of 10 days on market in May 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Tower City; 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.