Is East Stroudsburg, 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, East Stroudsburg has remained a Seller's Market.
Key Takeaway
East Stroudsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Stroudsburg, PA
How much do homes in East Stroudsburg, PA cost?
Median Sold Price
$325,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Stroudsburg have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in East Stroudsburg was $325,000 in May 2024, up 15.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $179.5K | +75.1% |
| 2 Bedrooms | $170K | $206K | +21.2% |
| 3 Bedrooms | $265K | $290.1K | +9.5% |
| 4 Bedrooms | $350K | $376K | +7.4% |
| 5+ Bedrooms | $400K | $445K | +11.3% |
Summary: East Stroudsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.1%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Smithfield Township | $200K | $262.5K | +31.3% |
| East Stroudsburg | $281.5K | $325K | +15.5% |
| Stroud Township | $337.5K | $337K | -0.1% |
| Stroudsburg | $370K | $353.9K | -4.4% |
Housing Supply in East Stroudsburg, PA
How many homes are available in East Stroudsburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 63 | -1.6% |
Summary: The East Stroudsburg real estate market had 63 homes for sale in May 2024, a 1.6% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 22 | 17 | -22.7% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The East Stroudsburg 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 increased by 200%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Stroudsburg, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in East Stroudsburg in May 2024, down by 7.1% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for East Stroudsburg, PA
How long does it take to sell a home in East Stroudsburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 52 Days | +90.8% |
Summary: Homes in East Stroudsburg had an average of 52 days on market in May 2024, up by 90.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Stroudsburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in East Stroudsburg; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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