Is Pocono Summit, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Pocono Summit was a Neutral Market.
Housing Prices in Pocono Summit, PA
How much do homes in Pocono Summit, PA cost?
Median Sold Price
$311,000
$270/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Pocono Summit was $311,000 in May 2024, down 3.9% from last month, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $311K | N/A |
3 Bedrooms | - | - | N/A |
4 Bedrooms | $250K | - | N/A |
5+ Bedrooms | $397K | - | N/A |
Summary: Pocono Summit housing prices by bedroom type for May 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 did not change, and 5+ bedroom homes did not change.
Housing Supply in Pocono Summit, PA
How many homes are available in Pocono Summit, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Summary: The Pocono Summit real estate market had 13 homes for sale in May 2024, a 8.3% increase 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 | 2 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Pocono Summit 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Pocono Summit in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Pocono Summit, PA
How long does it take to sell a home in Pocono Summit, PA?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 Days | 15 Days | -51.6% |
Summary: Homes in Pocono Summit had an average of 15 days on market in May 2024, down by 51.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Pocono Summit; 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.