How’s The Market?

We get this question a lot and we welcome it. Consumers in our region want to know the state of our local real estate market and how it affects their assets. Our network of professionals has an understanding of the unique conditions that exist today for homebuyers, investors and sellers. Our latest market report looks at trends in Northeastern Pennsylvania, such as the health of housing inventory, days on the market, sales price and much more.

In the Greater Scranton market, there’s been steady growth. The median home sales price clocks in around $229,900 as of late 2024, with Scranton City median prices registering between $165,000 and $190,000. This reflects an increase of about 2-2.5%, year-over-year. Generally speaking, it’s a steady seller’s market with properties selling over-asking price. There’s strong demand and the inventory is still limited. Though home prices are rising and homes are selling fast, spending only a few weeks on the market, Scranton remains one of the more affordable markets in Pennslvania compared to other areas of the state or country, for that matter. Pennsylvania’s housing market report is available here.